Submitting the old naira notes at the CBN is a straightforward process once you have generated your reference number. After generating your reference number, take your old notes to the CBN’s designated cash deposit center, where you will be required to present the old notes you want to deposit, along with your generated reference number, an active Deposit Money Bank account, your BVN, and a valid Federal government-issued identity card.
The CBN will validate your account and the notes you present before crediting your account within four weeks of the deposit. If the account validation process turns out negative, the bank will return the deposited notes.
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