CBN working to prevent chaos over distribution of new naira notes, says Buhari | TheCable

BREAKING: cenbank working to prevent chaos over distribution of new naira notes, says MBuhari | TheCable

In a statement on Saturday by Garba Shehu, presidential spokesperson, the president said the decision to redesign the naira notes was to address hoarding of illicit funds.

While acknowledging reports of long queues at banks, Buhari said the Central Bank of Nigeria is working on initiatives to “prevent chaos” over the distribution of the new notes. “President Muhammadu Buhari, Saturday assured that government will ensure that citizens are unharmed in their businesses and no disruption is caused to the entire supply chain arising from the currency swap due to end shortly,” the statement reads.

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