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We Won’t Change Jan 31st Deadline Of Old Naira Notes, says Emefiele

We Won’t Change Jan 31st Deadline Of Old Naira Notes, says Emefiele

Godwin Emefiele, Governor of the Central Bank of Nigeria, has stated that the CBN will not extend the January 31st deadline for the old naira notes.

In light of some challenges, there have been calls from various quarters to extend the deadline.

But speaking at the post-Monetary Policy Committee briefing of the bank in Abuja on Tuesday, Emefiele said, “I don’t have good news for those who want the deadline of the old naira to be changed because we will not move it.

Read Also: Naira Redesign: Experts Say CBN Deadline Insensitive, Spells Doom For Country’s Economy

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“People are holding and vaulting the naira in their houses and they don’t have the license to do that, because they use it to speculate on the naira.”

He said the apex bank has so far mopped up about N1.5 trillion, hoping to achieve about N2 trillion before the deadline.

He said: “We have pleaded with the Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices Commission (ICPC) not to harass anybody, and on my honor, they will not do that.

Details soon…

We Won’t Change Jan 31st Deadline Of Old Naira Notes, says Emefiele

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