
Central Bank of Nigeria
Penalties for Rejection of Overcirculated-mutilated Banknotes by Deposit Money Banks
- Author
- Central Bank of Nigeria
- Year
- 2024
- Pages
- 1 page
The Central Bank of Nigeria reminds deposit money banks that penalties prescribed for rejecting dirty, overcirculated, or mutilated Naira banknotes remain enforceable. It warns that strict sanctions will be applied to banks reported to have rejected Naira banknote deposits from members of the public.