After the February 10 deadline set by Central Bank of Nigeria Governor Godwin Emefiele, banks have stated that they will no longer accept old Naira notes.
The Supreme Court ruled that the old notes can be accepted until February 15, when a lawsuit filed by three governors from the All Progressives Congress would be heard. He has refused to extend the date.
The CBN, however, has allowed a three-day window (February 15–17) for consumers to turn in their old notes. To do so, either fill out an online form on the CBN website to create a code or visit the CBN branch in your state to acquire a form and fill it out there.
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An official form of identification that is accepted by the federal government is required, such as a passport, driver’s license, or national ID card. Take the completed form and generated code along with your old notes to any CBN branch between 9 AM and 2 PM on the specified days, and a teller will give you a receipt and deposit the funds into your account. Make sure your old naira notes are authentic to avoid getting scammed out of money.