“I must say here that, unfortunately, I don’t have good news for those who feel that we should shift the deadline. My apologies,” Mr Emefiele said.
, Godwin Emefiele, on Tuesday said that the 31 January deadline it announced for the validity of the old N200, N500 and N1,000 notes remains.
Speaking on the new notes, Mr Emefiele claimed that kidnapping and ransom-taking incidents have reduced since the three banknotes were redesigned. He also argued that the time given for the swap of the old naira notes with new ones was enough for Nigerians to get the new notes from commercial banks. Since the notes were introduced, many Nigerians on social media have expressed reservations about the circulation of the new notes. While many claim that they are yet to see the new naira notes, others complain of hoarding on the part of the deposit money banks even as the January 31 deadline for the rejection of the old notes approaches.
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