More commercial banks in Nigeria have given what they say are their final thrust to Nigerians with old naira notes in their possession, they have issued their warnings to customers.

The banks stated during a meeting with members of the House of Representatives that they cannot go back on the deadline

The banks, on Thursday, January 26, 2023, told the House of Representatives that they were bound by guidelines provided by the Central Bank of Nigeria (CBN) as the regulatory authority in the financial industry to stop collecting the old notes.

The banks indicated that they get allocations of the new naira notes from the CBN and disburse the same amount to their customers via ATMs during a meeting with the members of the House’s ad-hoc committee established to communicate with banks and CBN on the withdrawal of old notes.

They insist that they are bound by January 31 deadline provided by the CBN

They maintain that the January 31 deadline is sacrosanct.

Additionally, they claim that the CBN has instructed them not to sell the new notes in person and that they can only be gotten through ATMs and over the counter.