The Central bank of Nigeria (CBN) has order commercial banks in the country to start accepting old naira notes.
It, however, pegged the maximum amount the banks can collect at N500,000.
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The CBN maintained that the old currencies were no more legal tender.
Osita Nwanisobi. Director, Corporate Communications confirmed this to Ripples Nigeria and added that any money above N500,000 should be deposited in CBN branches.
