The deposit Banks in Nigeria have issued a deadline of 31st December 2012 for the acceptance of Old British Twenty Pounds and Fifty Pounds Notes to enable the proper conclusion of cash evaluation.



One of the banks, Fidelity Bank Plc disclosed this in an e-mail to its customers titled ‘withdrawal of old 20 and 50 GBP notes from circulation.


It said,’’ The Bank of England has announced the withdrawal of paper 20 pounds and 50 Pound notes after September 30, 2022.



A year’s notice has been provided to customers and the global banking community.


‘’In view of this, Fidelity Bank with other deposit Money Banks in Nigeria, has issued a deadline of December 31st, 2021 for acceptance of the stated denominations from the public to enable the 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’’.



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