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Old Naira Notes: Emefiele says no going back on January 31 deadline

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Old Naira Notes: Emefiele says no going back on January 31 deadline

The Central Bank of Nigeria (CBN) says there is no going back on the January 31 deadline for the old 200, 500 and 1,000 naira notes, as they will cease to be legal tender in the country.

The CBN Governor, Godwin Emefiele reiterated the CBN’s stance after the apex bank’s Monetary Policy Committee meeting in Abuja on Tuesday.

Read Also: Senate Orders CBN To Extend Deadline For Implementation Of New Naira Notes Policy

Emefiele also insisted that enough time had been given to Nigerians to swap their old naira notes for new ones.

This is as he also said that kidnapping and ransom-taking had reduced since the three banknotes were redesigned.

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