Showing posts with label N5000 note. Show all posts
Showing posts with label N5000 note. Show all posts

Monday, September 10, 2012

Bank customers can reject N5000 note – CBN

N5000 Note
The Central Bank of Nigeria has said that it  will be  illegal for banks to compel their customers to accept the  N5000 note when it comes into existence.
The apex bank, which denied allegations that it was forcing the new structure of the naira on Nigerians, said customers could reject N5000 note from banks
“I say this with all sense of responsibility as the deputy governor of the central bank that we shall ensure that no bank imposes N5000 on anybody who does not want it. You can go to your bank and say you don’t need N5000 note,” Deputy Governor (Operations) of the CBN, Mr. Tunde Lemo, said in a Channels Television interview programme on Saturday.