BREAKING: COMMERCIAL BANKS DISPENSE OLD N500, N1000 NOTES

Recall that the Nigerian Supreme Court had ordered that the old N500 and N1000 notes phased out by the Federal Government be kept in circulation until December.

Some commercial banks in Nigeria on Monday began dispensing the old N500 and N1000 Naira notes on Monday, SaharaReporters has gathered.

A resident of Ilorin, Kwara State confirmed that the ATM machines of Guaranty Trust Bank at Umar Audu Road, Opposite University Road Junction, Tanke, GRA, 10, Ilorin paid him some old N1,000 notes.

Banker who spoke with journalists said some banks had started dispensing the old notes but his bank had not got the go-ahead yet because of uncertainty surrounding the validity of the notes as legal tenders in the country.