Business
CBN Extends Deadline For Return Of Mutilated Naira Notes …Says Exercise Continues Beyond Today

The Central Bank of Nigeria (CBN) has said that the general public would continue to return mutilated bank notes to their banks after the September 2 deadline.
The Director, CBN Corporate Communications, Mr Isaac Okoroafor, disclosed this in an interview with our source in Lagos.
Our correspondent reports that this is contrary to the news making round that mutilated notes collection would stop after the deadline.
Okoroafor said that people had been misinterpreting the story to say that the banks would stop collection of mutilated notes after September 2.
“It is not true, the banks will continue to accept those notes from people.
“The general public should continue to return mutilated bank notes to their banks after the deadline.
“The September 2, 2019, deadline does not apply to bank customers or the general public who will continue to return mutilated notes to the banks.
“It only applies to the banks because free sorting of Naira notes for them will cease at the expiration of that deadline,” Okoroafor said.
He noted that September 2 was only the deadline after which CBN would begin to charge banks.
Okoroafor said that “we opened a window from June to September, so that when they bring the notes without sorting, we can sort it for them free.
“ But as from September 2 , if they get those notes, they need to sort it before they bring it to us.
“The deposit by customers and acceptance by commercial banks of mutilated notes is a normal and continuous banking practice and as such continues even after September 2.
“Anyone whose qualifying mutilated note is rejected by any bank should report such a bank to CBN by calling 07002255226 between 9am and 4pm daily.”
On banks compliance level to the CBN mutilated notes directive, Okoroafor said that: “I wouldn’t know what the compliance level is now until we ask our currency people.
“But all we know is that they are returning the notes, they have been bringing it in and we have been replacing it with new ones,” he said.
Recall that the CBN had opened a three-month window from June 3 to September 2 for customers across the country to replace old notes with new ones in all the banks.
The apex bank said this was part of its efforts to improve the overall quality of the naira notes in circulation.
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
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