New naira notes: First Bank begins Saturday banking nationwide

By George Aluo

First Bank has confirmed that it has started Saturday banking in some branches nationwide in a bid to let her customers deposit the existing naira notes which ceases being legal tenders from January 31, 2023.

The bank in an email sent out to her customers stated that the step is in line with the bank’s drive to always put her customers first.

The email stated in part…”Further to the Central Bank of Nigeria’s (CBN) announcement that the new Naira notes will come into circulation from 15 December 2022, and existing Naira notes will cease being legal tenders from 31 January 2023, please note that in line with our drive to always put You First, a number of our branches nationwide will now provide Saturday banking services to our customers from 10 am – 1 pm, starting from Saturday, 5 November 2022.”

 Continuing the bank stated…

“It is important to note that You can start depositing your Naira notes into your FirstBank accounts immediately, there will be no charges for cash returned/paid into your accounts. The present notes remain legal tenders and should not be rejected as a means of exchange for the purchase of goods and services. You can withdraw the new notes from your account once circulation begins in December 2022.”