Nigerian Churches Bars Use Of Old Currencies As Offerings

Nigerian churches have told members to offer only new N1,000, N500 and N200 notes. Their instruction comes a few days ahead of the Central Bank of  Nigeria, CBN January 31 deadline for phasing out the old notes. Reports say schools and retailers have also established time limits for the collection of the old currencies.

This instruction comes in response to one of the Central Bank’s urgent directives to completely phase out the old N200, N500 and N1,000 notes by the end of January. Recall that the CBN recently redesigned Nigeria’s currency. The Naira’s redesign was accompanied by several monetary policies and instructions that will help accomplish the desire of the apex bank for the redesign. 

New York News The church and CBN’s policy

According to a report, a leading church, Deeper C