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Thursday, March 23, 2023

Buhari approves 10-day extension for old naira notes

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President Muhammadu Buhari has approved a 10-day extension for Nigerians to swap their old N1,000, N500 and N200 notes for the new ones.

Godwin Emefiele , the Central Bank of Nigeria (CBN) governor  revealed to pressmen after a meeting with President Muhammadu Buhari in his Daura country home.

According to him,  banks will continue to give out the new notes in exchange for the old ones till February 10, 2023

It was gathered that the CBN Governor, Godwin Emefiele, who visited the President this morning had confirmed that from February 10, Nigerians will have the grace of visiting the CBN to deposit their old notes for new ones for another seven days, which ends on February 17, 2023.

“We have today sought and obtained Mr. President’s approval for the following: one, 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 rural areas in our villages and communities, after which all old notes outside the CBN lose their legal tender status,

“Our CBN staff currently on mass mobilisation and monitoring, together with officials of the EFCC and ICPC, will work together to achieve these objectives in the coming days,” he added.

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