By our Reporter
The Central Bank of Nigeria,(CBN) has extended deadline for the swapping of old naira notes to new ones till February 10, 2023.
This contained in a release on Sunday.
The apex bank said it added a 10-day extension of the deadline from January 31, 2023, to February 10, 2023, to allow for the collection of more old notes…”
This is according to the CBN governor, Godwin Emefiele.
He also noted that Nigerians would still be able to deposit their old notes directly with the CBN until February 17, 2023, described as “grace period.”
There has been pressure from many Nigerians and groups concerning the initial January 31 deadline for the old notes, as the scarcity of the newly designed 200, 500, and 1000 naira notes prevailed in the country.
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 notes legitimately 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.
This is a new development, and it would relief the Nigerian. Thank you Mr. President and governor of Central Bank of Nigeria.
Hmmmm!!! If APC presidential flag have not condemned the deadline during his campaign in Abeokuta, Nigerians would have been suffering in silence. Those condemning Tinubu should come out and apologize to him for his bravery.