The Central Bank of Nigeria (CBN) has warned Deposit Money Banks (DMBs) that it would impose strict sanctions on any of them found to be rejecting deposits of “over-circulated” and mutilated naira notes from the public. The apex bank, which stated this in a circular posted on its website on Wednesday, reminded the lenders that...The post CBN To Penalise Banks Rejecting Old, Mutilated Naira Notes first appeared on New Telegraph.The post CBN To Penalise Banks Rejecting Old, Mutilated Naira Notes appeared first on New Telegraph.
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