Why are banks paying customers same old notes that CBN wants returned?

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exBanker
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To me, it feels a bit hypocritical when CBN wants Nigerians to return all old Naira banknotes to their banks, yet when the customers want to make cash withdrawals across the counter, commercial banks must not pay with new banknotes but still the old one.


Old and New Naira banknotes
Old and New Naira banknotes

I'm just wondering how the January 31st 2023 deadline would play out.
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