No directive to banks to re-issue old notes — CBN
*Some new generation banks issue old N500, N1000 *Customers want CBN to obey Supreme Court judgement IN compliance with the March 3, 2023 Supreme Court judgement, which extended the validity of the Central Bank of Nigeria currency redesign policy to December 31, this year, it was gathered that some banks across the country have started paying out the old N500 and N1,000 notes to their customers. However, it was revealed that partial compliance as some banks have not followed the ruling, maintaining that they are awaiting official directive from the Central Bank of Nigeria, CBN, to do so. The banks that were issuing the old banknotes to their customers yesterday include Guaranty Trust Bank, GTBank, Access Bank, Sterling Bank and Union Bank. Confirming this development, a customer of Access Bank said that he withdrew N20,000 and was paid with the old N500 and N1,000 notes. However, an official of the bank, who spoke on condition of anonymity denied that the bank has comm...