Home » Read what CBN gov said while extending old Naira deadline


Read what CBN gov said while extending old Naira deadline

by OkeomaNews

The governor of the Central Bank of Nigeria, Godwin Emefiele, Sunday in Abuja announced extension in the deadline for the usage of old Naira notes.

Announcing the extension, Emefiele said, “Based on the foregoing, we have sought and obtained Mr President’s approval for the following: a 10-day extension of the deadline from January 31, 2023, to February 10, 2023; to allow for collection of more old noteslegitimately held by  Nigerians and  achieve more success in cash swap in our rural communities after which all old notes outside the CBN loses their Legal Tender Status.

“Our CBN staff currently on mass mobilisation and monitoring together with officials of the Economic and Financial Crimes Commission and the Independent Corrupt Practices and other Related Offences Commission will work together to achieve these objectives.

“A seven-day grace period, beginning from February 10 to February 17, 2023, in compliance with Sections 20(3) and 22 of the CBN Act, allowing Nigerians to deposit their old notes at the CBN after the February deadline when the old currency would have lost its Legal Tender status.”

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1 comment

Julius Ononuju January 29, 2023 - 2:48 pm

In Spirit of Unity, Equity and fairness, I appreciate His Excellency, Commander in Chief of the federal Republic of Nigeria for his matured uñderstanting in doing the needful at the cries of the Citizens of Nigeria at this crucial time to save them from dieing bcos of hunger and relieving them from the hardship due to currency exchange system ongoing. God bless His Excellency, God bless Nigeria in Jesus mighty name Amen.

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