The Central Bank of Nigeria has urged the general public to deposit overused or mutilated naira notes in any bank branch closer to them before Monday, September 2, 2019.
According to CBN, the move was part of its efforts to improve the overall quality of the Naira notes in circulation.
“If you have in your possession, overused or mutilated naira notes, you are required by the Central Bank of Nigeria to deposit such notes at any branch near you on or before Monday, September 2, 2019.
“Please note that overused notes include any naira denomination that is now weak to such an extent that it could easily tear at further handling or processing.
“Mutilated notes include any naira note that has been partially or permanently damaged, but which clearly still has more than half of its original size together.
“As Nigerians, it is our patriotic and collective responsibility to handle the naira with care,” CBN noted.