Emefiele: No Going Back On Jan 31st Deadline For Old Naira Notes

BREAKING: CBN Devalues Naira To ₦630 Per $1
Godwin Emefiele

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

In light of certain obstacles, there have been appeals from various sources 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 people who want deadline of old naira to be changed because we would not postpone it.

“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 later…

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