The Central Bank of Nigeria (CBN) has warned against the rejection of any bank notes it has issued in line with the provision of the CBN Act 2007.
This comes amid fears that the old banknotes will stop to be legal tender by December 2023.
On March 3, the Supreme Court had ordered that old N200, N500 and N1000 notes remain valid till December 31, 2023.
AbdulMumim’s statement was against the backdrop of reported scarcity of naira notes across some major cities in the country.
According to AbdulMumim, there is enough cash stocks in all locations across the country.
