The Central Bank of Nigeria (CBN) has directed commercial banks to start collecting old N500 and N1,000 notes from customers.
This was made known to newsmen on Friday by CBN spokesperson, Osita Nwanisobi, stating that any amount above N500,000 could not be deposited.
This is coming in the midst of the nationwide outrage over the rejection of the notes which President Muhammadu Buhari declared were no longer legal tender.
Recall In his national broadcast, Buhari had asked Nigerians to take old N500 and N1000 notes to the CBN.
Nigerians had trooped to the apex bank offices to deposit their old notes.
As the bank officials struggles to control the crowd, they directed them to commercial banks but the people refused.
Details later…