The bank’s Director, Corporate Communications Department, Mr. Isaac Okorafor, made this known in a statement in Abuja on Thursday.
He explained that the measure was to ensure that only MFBs with good corporate governance practices took part. “Similarly, the MFBs are allowed to exchange notes subject to a maximum of N50,000 for customers with bank accounts and N10,000 for customers without bank accounts. Okorafor said the MFB must also maintain another register of the beneficiaries of the lower denomination notes as well as ensure that withdrawal teller slips contain breakdown of the denomination of the currency to customers with accounts.