• Latest
  • Trending
Step By Step On How To Deposit Old Naira Notes At CBN Branches And Its Deadline [FRESH]

Step By Step On How To Deposit Old Naira Notes At CBN Branches And Its Deadline [FRESH]

FG, NCAA Face ₦500bn Lawsuit Over “Special Treatment” for KWAM1

FG, NCAA Face ₦500bn Lawsuit Over “Special Treatment” for KWAM1

7,000 PDP supporters defect to APC in Sokoto

Nigerian Government reacts as Canadian Court Declared APC, PDP Terrorist Groups

New Penalty Rule – 6 Others Football Regulations You Should Know for 25/26 Season

New Penalty Rule – 6 Others Football Regulations You Should Know for 25/26 Season

[Insider] Power Play at OAU: New PRO-CHANCELLOR Bullying Tactics

200-level OAU Student commits Suicide After Checking Exam Results

Unconscionable Contracts In The Nigeria Entertainment Industry: A Legal Wake-Up Call For Nigerian Artists In View Of The Recent Wizkid And Banky W, 80-20% Deal

Unconscionable Contracts In The Nigeria Entertainment Industry: A Legal Wake-Up Call For Nigerian Artists In View Of The Recent Wizkid And Banky W, 80-20% Deal

Isin Kara: Business activity commences as Olusin Inspects Market [Video]

Isin Kara: Business activity commences as Olusin Inspects Market [Video]

9mobile Changes Name, Logo

9mobile Changes Name, Logo

Saturday, August 16, 2025
  • Login
No Result
View All Result
iDeemlawful
  • Home
  • News
  • Featured
  • Politics
  • LifeStyle
  • Advertise with Us
  • Opinion
  • Campus
iDeemlawful
No Result
View All Result
iDeemlawful
No Result
View All Result
  • Home
  • News
  • Featured
  • Politics
  • LifeStyle
  • Advertise with Us
  • Opinion
  • Campus
Home Breaking News

Step By Step On How To Deposit Old Naira Notes At CBN Branches And Its Deadline [FRESH]

by iDeemlawful
February 14, 2023
in Breaking News
A A
0
Step By Step On How To Deposit Old Naira Notes At CBN Branches And Its Deadline [FRESH]
Share on FacebookShare on Twitter

The Central Bank of Nigeria (CBN) has released guidelines to deposit old versions of the redesigned naira notes at its branches nationwide.

The CBN announced on Tuesday, February 14, 2023, amongst other things that the exercise will be open only between February 15 and 17.

The bank emphasised that the deposit is not a cash swap program and that new notes will not be issued in exchange for old notes. Instead the old notes will be accepted by the bank and an account which will be provided by the depositor shall be credited.

“Please note that this is a Cash Deposit Program not a Cash Swap Program. You will not be issued new notes in exchange for old notes, instead your bank account will be credited after your account is validated by law enforcement.

SeeThese

CBN opens up on Introducing New N5000, N10000 Notes

CBN ordered to suspend increase in ATM Transaction Charges

CBN dragged to Court over ATM fee hike

“This process may take up to 4 weeks,” the guideline read, adding that “If the validation of account turns out negative, the Bank will return the deposited notes.”


The CBN also disclosed that third party deposits will not be allowed during the exercise as account information must be provided by their real owners.

“Third party deposits are not allowed. The account information provided must be that of the depositor.

“Members of the public are required to complete an online application form and generate a reference number before coming to the CBN.

“Where a customer did not pre-fill their form, he/she will be given the opportunity to fill the form at the Branch.

“The Cash Deposit Window is open to the public from February 15 – 17, 2023, between 9am to 2 pm daily,” the guideline further read.

The bank listed a reference code generated from a form on the CBN portal, an active bank account, Bank Verification Number (BVN), and a valid government identity card as requirements to participate in the process

Tags: CBN PoliciesiPad
Share196Tweet123
Previous Post

Drama As Court Officials Reject Old Naira Notes From Lawyers, Litigants

Next Post

Buhari To Considers New Deadline For Old Naira Notes [FRESH]

iDeemlawful

iDeemlawful

Next Read

FG, NCAA Face ₦500bn Lawsuit Over “Special Treatment” for KWAM1
Breaking News

FG, NCAA Face ₦500bn Lawsuit Over “Special Treatment” for KWAM1

...

Read more
Isin Kara: Business activity commences as Olusin Inspects Market [Video]
Breaking News

Isin Kara: Business activity commences as Olusin Inspects Market [Video]

...

Read more
NNPC Boss Ojulari Allegedly Forced to Resign
Breaking News

Presidency opens up on Alleged ‘Forceful Resignation’ of Ojulari as NNPC Chairman

...

Read more
NNPC Boss Ojulari Allegedly Forced to Resign
Breaking News

NNPC Boss Ojulari Allegedly Forced to Resign

...

Read more
FG Plans Mandatory Drug Tests for Undergraduate Students, Reveals Commencement Date
Breaking News

FG Plans Mandatory Drug Tests for Undergraduate Students, Reveals Commencement Date

...

Read more
Angry Youths loot CBEX Office in Ibadan [Video]
Breaking News

EFCC Gives Update on CBEX Funds Recovery

...

Read more
When Wolves Wear Sheep’s Clothing by Fatimah Hamid
Breaking News

Killer Of Kwara Final-Year Student Sentenced To Death

...

Read more
Girlfriend stabs Boyfriend to Death in Ondo for Cheating
Breaking News

Girlfriend stabs Boyfriend to Death in Ondo for Cheating

...

Read more
Next Post
Step By Step On How To Deposit Old Naira Notes At CBN Branches And Its Deadline [FRESH]

Buhari To Considers New Deadline For Old Naira Notes [FRESH]

JAMB Takes Over Collection Of Registration Fee From CBT Centres To End Extortion

JAMB Sets New Deadline For 2023 UTME Registration

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

EKSU VC Reacts to Increase Of First Class Graduate In Varsity

EKSU VC Reacts to Increase Of First Class Graduate In Varsity

Strike: FG gets 7 days ultimatum to resolve issues with ASUU

Strike: ASUU, FG, Others To Resume Negotiation, New Date For Tripartite Meeting

Breaking: Armed Robbers Attack Bank In Iree

Most Popular

FG, NCAA Face ₦500bn Lawsuit Over “Special Treatment” for KWAM1
Breaking News

FG, NCAA Face ₦500bn Lawsuit Over “Special Treatment” for KWAM1

7,000 PDP supporters defect to APC in Sokoto
International News

Nigerian Government reacts as Canadian Court Declared APC, PDP Terrorist Groups

New Penalty Rule – 6 Others Football Regulations You Should Know for 25/26 Season
Sport News

New Penalty Rule – 6 Others Football Regulations You Should Know for 25/26 Season

iDeemlawful

Copyright © 2019 iDeemlawful.

Useful Links

  • About Us
  • Advertise with Us
  • Editorial Policy

Follow Us

Copyright © 2019 iDeemlawful.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In