The Central Bank of Nigeria has directed commercial banks to dispense and receive old naira notes as legal tender across the country.

A statement signed by Acting Director, CBN Corporate Communications, Isa AbdulMumin noted that the directive was given at a Bankers’ Committee meeting held on Sunday.

This is coming hours after the Presidency Monday evening said the CBN had no reason not to comply with the ruling of the Supreme Court on the naira redesign policy.

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