From December 31, 2021, Nigerian banks will no longer accept old £20, £50 notes

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Ebube Oge

Writer/Author at OGE LALA BUSINESS CONCEPT

Oge Ebube, a writer/singer and songwriter who is popular known as 6ixGig Willi, He is the owner of Validnewstoday. Oge began writing blog post in 2017 after finishing his Secondary Education at Saint Patrick's Secondary School Enugu. He attended Zhejiang University of science and technology at the department of Digital Media Technology also currently schooling at Enugu State University of science and technology (ESUT) In the department of Geology and Minning. Oge Ebube has many works in Music and he is currently writting a short novel 'Je suis Prisoner: I'm a Prisoner'.

Email: ogeebube@validnewstoday.com

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Nigerian banks will no longer accept old £20 and £50 notes after December 31, 2021.

The report says that this new measure is to ensure that the cash evacuation is completed properly.

Fidelity Bank Plc informed its clients on Wednesday, November 3 in an email headed;

Withdrawal of outdated 20 and 50 GBP notes from circulation.

The Bank of England has announced the discontinuation of paper £20 and £50 notes beyond September 30, 2022, and the worldwide financial community have been given a year’s notice.

The Statement reads;

In view of this, Fidelity Bank, alongside other Deposit Money Banks in Nigeria, has issued a deadline of December 31, 2021 for acceptance of the stated denominations from the public to enable proper conclusion of cash evacuation.

Thus, we advise you to use or deposit your paper GBP notes into your Fidelity Bank domiciliary account by December 31, 2021 to avoid a loss in the value of your money.