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No Going Back On Deadline For Old Naira Notes – Emefiele

Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has said that the apex bank will not extend the deadline for the extinction of old Naira notes.

Emefiele said this at the monthly Monetary Policy Committee (MPC) meeting held in Abuja on Tuesday.

“I don’t have good news for those who feel we should shift the deadline; my apologies,” Emefiele said.

He stated that the 90-day timeframe already given for the exchange of the old naira notes for the new currency was enough time for Nigerians to visit their various commercial banks.

READ ALSO: Buhari Goes On Train Ride In Lagos

Emefiele added that he does not see the reason why the date should be extended, explaining that every measure was taken by the apex bank to ensure that the public was able to deposit their old currency before the deadline.

He noted that CBN met commercial banks to extend their banking hours and work days to Saturdays for Nigerians to meet the set deadline.

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