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CBN directives: Commercial banks begin issuance, collection of N500, N1,000 notes in Owerri

Some commercial banks operating in Owerri the capital of Imo State have started the issuance and acceptance of old N500, and N1000 notes.

This complies with the Central Bank of Nigeria CBN directives to all commercial banks across the country.

For some customers who visited banks on Tuesday, it was a healthy development as they were attended to as were able to leave the banks satisfied with the old notes.

During a visit to some of the banks in Owerri such as Fidelity bank, there was a crowd at the bank but customers were paid old notes.

At Sterling bank, it was another joy as customers were given the exact amount they applied for.

A lady who operates a business centre in Owerri, Chiamaka told our Correspondent that she visited Sterling bank and was paid the old notes and even the amount she demanded.