The Central Bank of Nigeria (CBN) on Saturday said there is no going back on the January 31 deadline for old Naira notes (N200, N500 and N1,000).
NEWSBREAK reports that the apex bank has been under pressure to shift the deadline over the scarcity of new naira notes.
Deadline for the return of old series of 200, 500 and 1000 naira notes remains January 31 2023. pic.twitter.com/ngHiXeHfNk
— Central Bank of Nigeria (@cenbank) January 28, 2023
But in a tweet on Saturday evening, the CBN insisted that there was no going back on the deadline.
“Deadline for the return of old series of 200, 500 and 1000 naira notes remains January 31 2023,” it tweeted with an accompanying video of Godwin Emefiele, CBN Governor, giving the position of the bank on old notes at the last Monetary Policy Committee (MPC) meeting of the bank.
In the video, Emefiele said: “Unfortunately, I don’t have good news for those who feel we should shift the deadline, my apologies.
“The reason is because, just like the president has said more than two occasions and even to some people privately, 100 days is more than enough for anybody who has the old currency to deposit it in the banks. And we took every measure to ensure that all the banks were and are still open to accept deposits.”
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