The National Association of Nigerian Students (NANS) has asked the Central Bank of Nigeria to extend the deadline for old naira notes to cease being legal tender. President Muhammadu Buhari had on November 23, 2022, unveiled redesigned N200, N500, and N1,000 notes and the CBN immediately fixed January 31 as the date for the expiration of the old notes. With few days to the deadline, there is scarcity of the new notes as banks keep dispensing old notes to their customers.
Expect Mass Protests Over Naira Notes – Nigerian Students, NANS Kicks Against January 31 Deadline, Asks Central Bank For ExtensionNANS said the deadline set by the Nigerian government has made life more difficult for Nigerian students.The National Association of Nigerian Students has asked the Central Bank of Nigeria to extend the deadline for old naira notes to cease being legal tender.
NANS in a statement signed by its National Vice President, Akinteye Babatunde Afeez said the deadline set by the Nigerian government has made life more difficult for Nigerian students. “Despite several concerns and appeals by the National Assembly, the Governors Forum, the Bank Customers Association of Nigeria, and a host of other stakeholders in the country for the CBN to extend the period for the currency swap of the new Naira notes as well as review of the cashless policy, the CBN has remained adamant on the January 31, 2023 deadline. This will not in any way be in favour of the Nigerian Students.
“Somewhere in Abraka, Delta State today, some students of Delta State University who went for currency swap were locked out of the bank with the claim that some staff of the bank were working on some swapping and it was not their turn yet. They eventually couldn't do the swapping.
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