Nigerians have been directed by the Central Bank of Nigeria (CBN) to deposit bad naira notes in banks before Monday September 2.
CBN said it is recalling the bad currencies to improve the overall quality of the Naira notes in circulation. Naira notes expected to be deposited in banks include those which are weak and could easily tear at further handling or processing, mutilated notes that are partially or permanently damaged but which clearly still has more than half of its original size together.
