Tuesday, July 22, 2025
  • About
  • Advertise
  • Careers
  • Contact
Newsroom Nigeria
  • Home
  • News
    • Across the Nation
    • Crime Watch
    • Metro
    • Political Arena
  • Politics
  • Opinions
  • Crime and Court
    • Judiciary
  • Business
    • Banking
    • Business and Economy
    • Business Life
No Result
View All Result
Newsroom Nigeria
Home News

NAIRA AGONY: BANK CUSTOMERS ON RAMPAGE AS CBN INSISTS OLD NAIRA NOTES REMAIN ILLEGAL

Customers are free to come to the Bank and deposit which they cannot do at the Commercial Banks anymore because the currency has seized to be a legal tender since the 10th of this month".

Newsroom Nigeria by Newsroom Nigeria
February 14, 2023
in News
Reading Time: 2 mins read
0
SHARES
Share on FacebookShare on Twitter

Riot broke out on Tuesday morning in Sango-Ota axis of Ogun State as angry bank customers block the Express with bonfire while security agents watch helplessly.

Related posts

EFCC Presents More Witnesses in Ex-Kwara Gov Ahmed’s Alleged N5.78bn Fraud Trial

EFCC Presents More Witnesses in Ex-Kwara Gov Ahmed’s Alleged N5.78bn Fraud Trial

July 22, 2025
Kwara Court Jails Nine for Fraud

Kwara Court Jails Nine for Fraud

July 21, 2025

An agrieved customer told Newsroom Nigeria that the problem was triggered by GTBank who simply refused to attend to the customers in the two branches in the area.

The angry customers started protesting…and in minutes they were joined a crowd of angry customers of other banks.

Meanwhile, the Central Bank of Nigeria (CBN) has declared that the old Naira Notes of N200, N500 and N1000 have ceased to be legal tender in Nigeria since the 10th of February, 2023.

The declaration was made by the Branch Controller of the Central Bank of Nigeria (CBN), Bauchi, Haladu Idris Andaza while briefing Journalists on Monday at the CBN, branch in Bauchi.

He said that “In the last 24 hours, we have been inundated by questions from various angles of the general public about our operational guidelines on the old currency notes, be that as it may, there are so many questions here and there which people have been asking about.”

According to him, “So for the avoidance of doubt, we wish to state categorically that CBN is ready and is opened to receive all of those old notes based on certain conditions and criteria.”

“Customers are free to come to the Bank and deposit which they cannot do at the Commercial Banks anymore because the currency has seized to be a legal tender since the 10th of this month”.

Consequently, the management of the CBN decided that those customers will have a sigh of relief by coming to the offices of the CBN in all the 36 states in the Federation including FCT to deposit their money.

“The customer has to go to the CBN portal and fill a form in the portal, there will be a form there concerning this currency redesign and exchange.”

Andaza further explained that “After filling the form, you generate a code, you either print it or come with it in your mobile phone, give us the code and the information contained therein. In the form, you are expected to provide all the basic information about yourself, your account details and the amount you want to deposit.

ShareTweetSendShareShare
Previous Post

APC Stakeholders in Abak-Five Back Tinubu, Akpabio

Next Post

Opinion: Why Nigeria’s Democracy Must be Preserved Against Plot to Install an Interim Government

Related Posts

EFCC Presents More Witnesses in Ex-Kwara Gov Ahmed’s Alleged N5.78bn Fraud Trial
News

EFCC Presents More Witnesses in Ex-Kwara Gov Ahmed’s Alleged N5.78bn Fraud Trial

July 22, 2025
Kwara Court Jails Nine for Fraud
JUDICIARY

Kwara Court Jails Nine for Fraud

July 21, 2025
After 7 Years on the Run, NDLEA Arrests Wanted Drug Kingpin with 11.6kg
News

After 7 Years on the Run, NDLEA Arrests Wanted Drug Kingpin with 11.6kg

July 20, 2025
AT IJEBU ODE, TINUBU PAYS TRIBUTE TO AWUJALE, EXTOLLING HIS INTEGRITY
News

AT IJEBU ODE, TINUBU PAYS TRIBUTE TO AWUJALE, EXTOLLING HIS INTEGRITY

July 20, 2025
FIRSTBANK MARKS SIGNIFICANT MILESTONE: ₦1 TRILLION IN INSTANT DIGITAL LOAN DISBURSEMENTS
BANKING

FIRSTBANK MARKS SIGNIFICANT MILESTONE: ₦1 TRILLION IN INSTANT DIGITAL LOAN DISBURSEMENTS

July 18, 2025
Wema Bank’s Digital Bank, ALAT, Emerges Nigeria’s Best Digital Bank at Euromoney Awards 2025
BANKING

Wema Bank’s Digital Bank, ALAT, Emerges Nigeria’s Best Digital Bank at Euromoney Awards 2025

July 18, 2025
Next Post

Opinion: Why Nigeria’s Democracy Must be Preserved Against Plot to Install an Interim Government

RECOMMENDED NEWS

FG To Build One Million Shelters For IDPs Across Nigeria 

2 years ago

Viewpoint: Joe Ajaero, DSS and Fuel Price Hike

10 months ago

Asiwaju : Leadership In Troubled Time

3 years ago

Ekiti Governor Named Governor of the Year 2023

2 years ago

FOLLOW US

ADVERTISEMENT
ADVERTISEMENT

POPULAR NEWS

  • TINUBU APPOINTS BABANGIDA CHAIRMAN OF THE BANK OF AGRICULTURE

    TINUBU APPOINTS BABANGIDA CHAIRMAN OF THE BANK OF AGRICULTURE

    0 shares
    Share 0 Tweet 0
  • AT IJEBU ODE, TINUBU PAYS TRIBUTE TO AWUJALE, EXTOLLING HIS INTEGRITY

    0 shares
    Share 0 Tweet 0
  • THANK YOU BUHARI, NIGERIA WILL REMEMBER YOU – TINUBU

    0 shares
    Share 0 Tweet 0
  • AGF Denies FG’s Involvement In First Holdco Share Acquisition

    0 shares
    Share 0 Tweet 0
  • Kwara Court Jails Nine for Fraud

    0 shares
    Share 0 Tweet 0
Newsroom Nigeria

The NEWSROOM NIGERIA is an independent, liberal on – line news platform committed to the right of the individual to pursue his economic happiness, without undue interference of the state. It shall promote the rights of the individual; right to freedom of worship and conscience, and to hold opinions and impact same without hindrance, subject to such laws are as consistent with the constitution and necessary for the protection of the rights of others.

  • About
  • Advertise
  • Careers
  • Contact

© 2025 Newsroom Nigeria - Designed by Semasir Connect.

No Result
View All Result
  • Home
  • News
    • Across the Nation
    • Crime Watch
    • Metro
    • Political Arena
  • Politics
  • Opinions
  • Crime and Court
    • Judiciary
  • Business
    • Banking
    • Business and Economy
    • Business Life

© 2025 Newsroom Nigeria - Designed by Semasir Connect.