BREAKING: CBN Extends Deadline for Swapping of Old to New Naira Notes, Announces New Date
- President Muhammadu Buhari has approved the extension of the deadline for swapping the old naira notes for the new ones by 10 days
- Godwin Emefiele announced the extension following his meeting with the president at his country home, Daura in Katsina state
- According to Emefiele, about 75% of the money outside Nigeria's banks has been retrieved within a short period of time
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Daura, Katsina - Godwin Emefiele, the governor of the Central Bank of Nigeria (CBN) has announced an extension of the swapping of old naira notes for new ones.
Emefiele disclosed that the announcement followed the approval of President Muhammadu Buhari on Sunday, January 29, Tribune reported.
Source: Depositphotos
The new date when old naira notes will expire
According to the announcement, the new exchange period will last till February 10 with 7 days extra for Nigerians to return the old notes to the CBN when the currency would have lost its legal tending.
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The apex bank governor had earlier met with the president at his country's home, Daura in Katsina state on Sunday.
Speaking with journalists after the meeting on Sunday, Emefiele disclosed that 75 per cent of the N2.7 trillion held outside the banking system in the country has been retrieved.
Latest about CBN, new naira notes, Godwin Emefiele
Before now, Nigerians have been yearning and calling for an extension of the deadline to exchange the old naira notes for new ones.
There have been calls from prominent figures and institutions, including the Nigeria Senate and the house of representatives, who have urged the CBN to announce 6 months extension for the swapping of the currencies.
The All Progressives Congress (APC) presidential candidate, Bola Tinubu, and his counterpart in the Peoples Democratic Party (PDP), Atiku Abubakar, have also called for an extension.
Emefiele meets Buhari in Daura, fresh details emerge
Legit.ng earlier reported that Godwin Emefiele, the governor of the CBN, has met with President Muhammadu Buhari, in his hometown in Daura, Katsina state.
Emefiele had a scheduled meeting with the president amid calls for an extension of the deadline to swap the old naira notes for the new ones.
President Buhari has been in his home state since Wednesday when he commissioned some projects started and completed by Governor Aminu Masari.
Source: Legit.ng
