Nigeria, Jan. 29 -- The Nigerian Bar Association (NBA) says the law allows Nigerians to deposit their old naira notes at the Central Bank of Nigeria (CBN) after the 31 January deadline.

The CBN on 26 October, 2022, announced the introduction of redesigned N200, N500 and N1,000 banknotes into the financial system.

But the policy is being criticised by many Nigerians as it has occasioned hardship in financial transactions.

Reacting to the central bank's policy, the NBA appealed to the CBN for a review of the deadline for deposit of old N200, N500 and N1,000 notes at commercial banks across the country.

In a statement issued on Saturday by NBA's national publicity secretary, Akorede Lawal, the association's president, Yakubu Maikyau, urg...