UBA to open Saturdays for customers to deposit old naira notes

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BY MAYOWA SAMUEL

Uba Group

The United Bank for Africa has extended its opening hours to Saturdays to allow customers deposit their existing naira notes before the circulation of new ones in December 2022.

The decisions came after the Central Bank of Nigeria on Wednesday, announced the redesign of naira notes, adding that the new notes will come into circulation on December 15.

Disclosing this in a circular, the UBA urged its customers to deposit the current naira notes to the bank before they becomes banned in January 2023.

“On 26th October 2022, CBN announced the introduction of new Naira notes, which will come into circulation on December 15th 2022, whilst existing Naira notes will remain legal tender until January 2023,” the circular read.

“Start depositing your existing naira notes into a UBA branch closest to you.

“Don’t panic, we are adjusting our branch opening hours for your convenience. We will open Saturday (Cash deposit only) from 10 am to 2 pm.

“Zero charges will apply for all cash deposits. Have your debit card handy for payments on POS terminals.”

“Remember, present notes can still be used for the purchase of goods and services until the cut-off date in January,” the bank advised its customers.