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CBN To Fine Banks For Dispensing Mutilated Naira Notes

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The Central Bank of Nigeria (CBN) will henceforth fine commercial banks for dispensing unfit naira notes either over the counter (OTC) or through Automated Teller Machines (ATM), while the mutilation of notes will attract a fine of N50,000 or six months imprisonment as the apex bank has released a Clean Note Policy and Banknotes Fitness […]

 

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