Even as the deadline has been extended, many Nigerians have been lamenting the hardship as a result of the unavailability of the new notes even when they visit banks to swap the old notes and also Automated Teller Machines to withdraw cash.
This was disclosed via a press statement issued on Sunday, by the CBN governor, Godwin Emefiele.
This is happening following the ultimatum issued by the Central Bank of Nigeria for the return of the old naira notes to the bank on or before the 31st of January, 2023.
The Governor showed concern with the Central Bank of Nigeria’s policy on redesigned naira notes for security reasons.
Recall that bundles of old naira notes were earlier seen dumped at a refuse site.
The current development is to restrain inflation through monetary tightening. He said.
The apex bank had in October last year said the old naira notes would seize to be legal tender from January 31.
The Governors have also observed that there are huge challenges that remain problematic for the Nigerian people.
He made this disclosure while speaking at the Chatham House in London.
He made this disclosure while speaking at the Chatham House in London.
The security agency said the CBN governor is involved in the financing of terrorism.
The CBN disclosed this today, following a series of negative reactions from the public over the earlier withdrawal limit policy.
The development, according to the NFIU boss, exposes innocent public officials to be liable to imprisonment.
“I am afraid that CBN’s January 31st deadline for depositing old notes will not work with such a kind of sharing.” He said
The video of the notes wows Nigerians as the masses are cautioned against the development, especially during the Yuletide commemoration
The current notes as earlier declared would continue to be accepted until the final date issued by the CBN.
“The opposition may eventually signpost a directive by the House as a way of resolution to drop the policy after the Wednesday meeting.”
“According to the data, these borrowings are currently not included in the country’s total public debt stock (federal and state governments).”
“He said, this would enable them to beat the Jan. 31, 2023 deadline to dispose of the old notes.”
“CBN accordingly stated that agents across the 36 States have been enabled for BVN registrations, opening banking accounts/Wallets, eNaira Wallets, as well as Electonic card distribution, …”
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