How To Return Old Naira Notes To CBN | Https crs cbn gov ng

Hundreds of Nigerians are swarming the Central Bank of Nigeria’s Lagos branch on Custom Street, Tinubu Square, Marina Road, and Lagos Island to deposit their old naira notes.

People with large Ghana must go bags were seen Friday at the bank, primarily traders, looking to turn in their old N500 and N1,000 bills in accordance with CBN policy.

Some people in the crowd claimed they had gathered the old currency from family members and friends who couldn’t make it to the apex bank branch on their own for the exchange.

Only those with codes generated after filling out a form on the CBN website were seen to be given attention.

See also: Following Buhari’s broadcast, businesses and banks rejected N500 and N1,000 notes

The apex bank’s officials asked the thronging depositors to return the money to their banks when the crowd became too large. With none of that, the crowd of depositors asked the authorities to formally submit the request before suddenly breaking out in song.

Some of the people instructed to go back to their banks by CBN officials claimed that their banks would not accept the old notes.

Some traders who attempted to deposit old currency at the First Bank location next to the CBN office were refused.

READ ALSO: CBN Portal Form For Old Naira Notes

Some of the traders present claimed that because they lack literacy and cannot use the CBN website, they are unable to generate the code from it. Some of them claimed that despite their attempts, the website was unable to generate the required code. has confirmed that the site is operational, but that the process of verifying account and bank verification numbers is time-consuming, and we have provided an easy guide on how to easily return old Naira notes to CBN.

How To Return Old Naira Notes To CBN

1. Go to the CBN website and complete an online form to generate a code, or bring the necessary funds to the closest CBN branch in your state to do so.

2. Present any form of federally recognized identification card, such as a driver’s license, voter card, or national identity card.

3. You would be given a teller at the CBN branch, who would collect the old notes and deposit them into your accounts. From February 15 to February 17, the operation is open from 9 am to 2 pm.


Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top