The Central Bank of Nigeria has directed Nigerians to deposit mutilated Naira notes in any bank branch closer to them .
The apex bank said this was part of its efforts to improve the overall quality of the Naira notes in circulation .
The information was contained in an email message sent by the GTBank to its customers on Friday .
Entitled, “ Important CBN Notice on Naira Notes ,” the email states:
As part of its efforts to improve the overall quality of the Naira notes in circulation , the Central Bank of Nigeria ( CBN ) has introduced the Clean Note Policy and Banknotes Fitness Guidelines .
What does this mean for you ?
If you have in your possession , overused or mutilated Naira notes , you are required by the Central Bank of Nigeria ( CBN ) Clean Note Policy to deposit such notes at any ( bank ) branch near you on or before Monday , September 2 , 2019 .
Please note that overused notes include any Naira note that is now weak to such an extent that it could easily tear at further handling or processing .
Mutilated notes include any Naira note that has been partially or permanently damaged , but which clearly still has more than half of its original size together .
As Nigerians , it is our patriotic and collective responsibility to handle the Naira with care; and as your Bank , we urge you to comply with this directive in order to improve the quality of our national currency.
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