CBN Threatens Prosecution Over Rejection Of Old Naira Notes



The Central Bank of Nigeria (CBN) has threatened to prosecute anyone that rejects the old Naira notes as means of payment for any financial transactions in the country before the morning of 1st of February, 2023.

This is just the apex bank in the Nigerian economy also disclosed that the Department of State Service (DSS) and other security intelligence agencies are vigilantly watching to arrest and prosecute anyone caught attempting to counterfeit the newly redesigned Naira notes.

CBN’s Head of the Abeokuta branch, Alhaji Wahab Oseni stated this while addressing traders, the electronic system operators and other stakeholders during the bank’s sensitization exercise held at the popular Kuto Market in Abeokuta, the Ogun State capital.

Speaking at the sensitization exercise, which witnessed a convergence of several market leaders from the different commodities, Oseni said the sensitization was targeted at easing the bottlenecks likely to be encountered at the expiration of the…

Source: Leadership Newspaper