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New Naira Notes: Senate Asks CBN To Extend January 31 Deadline; Emefiele Refuses

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The Central Bank of Nigeria (CBN) has foreclosed the possibility of extending or shifting the deadline on the deposit of the old naira notes.

CBN Governor Godwin Emefiele apologised to Nigerians for not extending the deadline but stated that 100 days from when the announcement was made to the expiration date was enough for Nigerians to deposit their old notes.

The apex bank said it has received between N1.3 trillion to N1.5 trillion so far but expects it will recover over N2 trillion after January 31 deadline.


https://www.youtube.com/watch?v=z7vKLUfgqaM (Minute 29:32)

“I don’t have good news for those who feel we should shift the deadline; my apologies. The reason is because 100 days is more than enough for those who have the old currency to deposit it in the banks.” – Emefiele

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Francis Adegoke

FRANCIS ADEGOKE is a trained Journalist. He graduated with Upper Credit in Mass Communication (HND) from Osun State Polytechnic, Iree, Osun State. He is a Professional Blogger and an E-commerce Entrepreneur. He also holds a certificate in Human Relations Management (HRM). He's vast in News Writing, News Editing and Publishing.

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