The Central Bank of
Nigeria’s (CBN) portal designed for the collection of the old naira notes is
out of service.
The CBN had
launched the portal on Wednesday as it sought to begin its currency
redemption exercise as part of efforts to ensure a smooth implementation of the
currency redesign policy.
According to the CBN, the portal enables Nigerians who could
not to take their old N1,000, N500 notes to commercial banks within the
stipulated deadline to redeem (or deposit) them by completing an online form on
the platform.
“Please click here to create your profile, generate reference and print out receipt for you to proceed to nearest CBN branch to deposit your old N1000, N500 and N200 notes into your bank account,” a notification on CBN’s website it reads.
But visiting the site on Friday, it was observed that the
platform was out of service.
In a notice to customers, CBN said service on the portal was
temporarily interrupted for maintenance.
“Service interruption for maintenance. We will be back
shortly. We regret any inconvenience caused by this,” the notice reads.
President Muhammadu Buhari announced the extension of the
validity of old N200 notes till April 10.
Speaking on the development in a televised nationwide
address on Thursday, the president said all existing old N1000 and N500 have
ceased to be legal tender.
Buhari, however, said the old N1,000 and N500 notes remain
redeemable at the Central Bank of Nigeria (CBN) and designated points.
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