The Central Bank of Nigeria on Sunday said that customers of banks would not be charged any fee for returning mutilated naira notes after the September 2 deadline.
The CBN Director, Corporate Communications Department, Mr Isaac Okorafor, said this during a telephone interview with our correspondent.
He said the June to September window given by the CBN was for banks to bring their mutilated naira notes to the CBN without sorting, adding that this would be sorted out by the apex bank for free.
He said at the expiry of the deadline, any bank bringing mutilated naira note to the CBN without sorting would pay a fee. Read more