Afrigather 
The Central Financial institution of Nigeria (CBN) has directed business banks to start out gathering the outdated N500 and N1,000 notes from the general public with fast impact.
It was additionally realized that the CBN nevertheless pegged the utmost quantity the banks can gather at N500,000.
The CBN maintained that the outdated N500 and N1000 currencies had been no extra authorized tender.
The apex financial institution ordered the banks to gather the monies as an alternative of going to the CBN workplace following difficulties encountered in having access to the financial institution nationwide.
“Go to your financial institution however fill out the shape earlier than you go. Go together with the reference code you generate. Along with your code, banks will gather it from you. However whether it is greater than 500,000, you’ll go to the CBN and deposit it,” Punch quotes a CBN as saying.
Protests rocked totally different states over the shortage of the brand new naira notes. The results of the money crunch on the residents have additionally turned state actors in opposition to one another.
