CENTRAL BANK OF NIGERIA-
REQUEST FOR PROPOSAL FOR THE RECYCLING OF PAPER BANKNOTE WASTES

CENTRAL BANK OF NIGERIA
www.cbn.gov.ng
REQUEST FOR PROPOSAL FOR THE RECYCLING OF PAPER BANKNOTE WASTES
RFP NO: CBN/COD/RFP/2020/001

1. INTRODUCTION:
The destruction of unfit banknotes in Nigeria is carried out by the Central Bank of Nigeria (CBN) under strict security and environmentally sustainable manner. Section 18(d) of the CBN Act 2007 authorised “The Bank to arrange for the destruction of currency notes and coins withdrawn from circulation under the provision of section 20(3) of the said Actor otherwise found by the Bank to be unfit for use.”

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