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Central Bank of Nigeria

Penalties for Rejection of Overcirculated-mutilated Banknotes by Deposit Money Banks

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Author
Central Bank of Nigeria
Year
2024
Pages
1 page

The Central Bank of Nigeria reminds deposit money banks that penalties prescribed for rejecting dirty, overcirculated, or mutilated Naira banknotes remain enforceable. It warns that strict sanctions will be applied to banks reported to have rejected Naira banknote deposits from members of the public.

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