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JUST IN: CBN Speaks On Extending Deadline For Old Notes

Adam PR by Adam PR
January 24, 2023
in BUSINESS
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JUST IN: CBN Speaks On Extending Deadline For Old Notes
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The Governor of the Central Bank of Nigeria, Godwin Emefiele on Tuesday has said the apex bank will not extend the January 31st deadline for the old naira notes.

There have been calls from different quarters for the extension of the deadline in view of some challenges.

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But speaking to Journalists at the post Monetary Policy Committee briefing of the bank in Abuja on Tuesday, Emefiele said, “I don’t have good news for those who want deadline of old naira to be changed because we will not move it.

“People are holding and vaulting the naira in their houses and they don’t have the license to do that, because they use it to speculate on the naira.”

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He said the apex bank has so far mopped up about N1.5 trillion, hoping to achieve about N2 trillion before the deadline.

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He said: “We have pleaded with the Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices Commission (ICPC) not to harass anybody, and on my honor, they will not do that.

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Adam PR

AdamPR is a young Blogger, Reporter, Web Designer and a Microbiologist. For Adverts and Publications, He can be reached on WhatsApp - 07069173969

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