CBN Sensitize Traders On Redesign Naira Notes In Yola

The Central Bank of Nigeria, CBN has appealed to Nigerians to take advantage of the ten days extension for the old 200, 500 and 1,000 naira notes to cease as legal tender and deposit in their Bank accounts old naira notes in their possession before the expiration of the deadline. 
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By Hasan Umar Shallpella

The Central Bank of Nigeria, CBN has appealed to Nigerians to take advantage of the ten days extension for the old 200, 500, and 1,000 naira notes to cease as legal tender and deposit in their Bank accounts old naira notes in their possession before the expiration of the deadline.

The Apex Bank made the plea through the Director of Internal Audit of the Bank, Mrs. Alpha Lydia Ifeanyi Chukwu while addressing market men and women at the Yola town motor park in Yola South local government area of Adamawa state in continuation of the sensitization on the redesign naira notes across the state.

While thanking President Buhari and the Governor of the Central Bank Godwin Emiefele for listening to the people’s outcry and extending the deadline, said people should make a conscious effort and get their monies deposited in various accounts and not wait until the last hour before rushing to the banks.

She explained that those without Bank accounts can approach CBN super agents for money swap or POS operators and account opening and deposit their money.

Chukwu reiterated that CBN will penalize any bank whose ATMs dispense old redesigned currency notes, calling on people to report such Banks to CBN for immediate action.

The Director called on market men and women not to reject old naira notes as they are still legal tender, and maintained that the rejection will affect their businesses and invariably affects their income.

She enumerated some benefits of the redesigned currency including; countering activities of counterfeiters, controlling inflation in the country, safeguarding people from being attacked by hoodlums and other criminals, as well as improve the economy.

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