How to Deposit Old 1000 and 500 Naira Notes at CBN

GUIDELINES TO DEPOSIT OLD 1000 AND 500 NAIRA NOTES AT THE CBN

• Please note that this is a Cash Deposit Program, not a Cash Swap Program.

You will not be issued new notes In exchange for old notes, instead, your bank account will be credited after your account is validated by law enforcement.

This process may take up to 4 weeks.

• If the validation of the account turns out negative, the Bank will return the deposited notes

• Third-party deposits are not allowed, The account information provided must be that of the depositor.

• Members of the public are required to complete an online application form and generate a reference number before coming to the CON.

Where a customer did not pre-fill their form, he/she will be given the opportunity to fill the form at the Branch.

• The Cash Deposit Window Is open to the public from February 15 — 17, 2023 between 9 am to 2 pm daily.

REQUIREMENTS

1. Reference cede generated from completed online application form filled on CBN Portal.

2 An active Deposit money Bank account e.g. Wema, Zenith, GT, Keystone Banks.

3. A bank Verification Number (BVN)

4. A valid Federal Government issued identity card (NIN, Driver’s License, Voters Card, International Passport).