Business

Nigerian Banks To Stop Collecting The Following Notes Dec 31

Nigerian Banks To Stop Collecting The Following Notes Dec 31

Information reaching Naija News House says that Nigerian Banks To Stop Collecting The Following  Notes Dec 31

Deposit Money Banks in Nigeria have issued a deadline of December 31, 2021 for the acceptance of old £20 and £50 notes to enable proper conclusion of cash evacuation.

Nigerian Banks To Stop

One of the banks, Fidelity Bank Plc, disclosed this in an email to its customers on Wednesday titled ‘Withdrawal of old 20 and 50 GBP notes from circulation’.

It said, “The Bank of England has announced the withdrawal of paper £20 and £50 notes after September 30, 2022. A year’s notice has been provided to customers and the global banking community.

“In view of this, Fidelity Bank, alongside other Deposit Money Banks in Nigeria, has issued a deadline of December 31, 2021 for acceptance of the stated denominations from the public to enable proper conclusion of cash evacuation.

“Thus, we advise you to use or deposit your paper GBP notes into your Fidelity Bank domiciliary account by December 31, 2021 to avoid a loss in the value of your money.”

About the author

admin

Add Comment

Click here to post a comment

Your email address will not be published.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