Newly Redesigned Naira Notes Already In Banks Awaiting… Emefiele

Do you know that the newly redesigned naira notes are already at Nigerian banks awaiting issuance?

Well, that is what the man in charge and governor of the Central Bank of Nigeria (CBN) Mr Godwin Emefiele says.

Emefiele stated so, while giving updates on the newly redesigned naira notes today via his official handle at Daura, the hometown of President Muhammadu Buhari. In Katsna.

The Eagle had carried an earlier story today the CBN governor telling Nigerians to embrace the cashless policy of the apex bank, saying it was introduced in the interest of the economy.

On the newly redesigned naira notes, Emefiele , said” “The newly redesigned N200, N500, and N1,000 banknotes are now in banks and ready for issuance to members of the public.

“The currency redesign and reintroduced cashless policies are not targeted at anybody but are for the good and development of the Nigerian economy.

READ ALSO: Naira Redesign: EFCC, CBN Set To Track Large Withdrawals

”The CBN deferred the cashless policy severally to prepare and deepen Nigeria’s payments system infrastructure,”

The CBN governor also

on October 26, 2022, announced that new Naira notes would be introduced to replace the current 200, 500, and 1,000 Naira notes.

This is coming two days ahead the December 15 2022, announced by Emefiele when the redesigned notes would be deployed.

According to him, that implied that existing notes would seize to be regarded as legal tender by January 31, 2023.

Other points of importance the CBN governor had canvassed as justification for the naira notes redesign are as follows:

READ ALSO: House of Reps Weigh In On CBN’s New Policy, Orders Emefiele To…

1. To checkmate the activities of kidnappers and other ransom-seeking criminals.
2. To circumvent unscrupulous elements who have stashed away illegally obtained money hoping to unleash same in the course of the nation’s 2023 general elections.
3. It also aims at checkmating the soar-away inflation that nation currently faces.
4. To generally sanitise the currency sector.