New Naira Notes: Reps Minority Caucus Hails CBN Extension of Deadline, Gives Reasons

New Naira Notes: Reps Minority Caucus Hails CBN Extension of Deadline, Gives Reasons

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The minority caucus in the House of Representatives applauds the Central Bank of Nigeria (CBN) for listening to Nigerians and extending the deadline for swapping the old naira notes for new ones by 10 days.

In a statement signed by the leader of the caucus, Ndudi Elumelu, said that the 10 days extension of the deadline from January 31, to February 10, is a welcome decision to ease the suffering as well as social and economic discomfort being faced by many Nigerians in accessing the new naira notes within the earlier stipulated deadline.

Ndudi Elumelu, Central Bank of Nigeria, CBN, New Niara notes, Godwin Emefiele
Ndudi Elumelu has commended the Central Bank of Nigeria for extending the deadline for the swapping of the new naira notes. Photo: Bashir Ahmad, Ndudi Elumelu
Source: UGC

He added that as lawmakers and representatives of the people, our caucus commends the CBN for being considerate towards the wellbeing of Nigerians; which is the essence of democratic governance all over the world.

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His words:

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"Our Caucus applauds the Presidential Candidate of the Peoples Democratic Party (PDP), His Excellency, Atiku Abubakar, for his intervention in persuading President Muhammadu Buhari and CBN to extend the earlier deadline in the national interest.
"His Excellency Atiku Abubakar’s patriotic intervention at this time further shows him as a compassionate leader who is always concerned and committed towards the wellbeing of Nigerians. He has again demonstrated his experience, capacity, and competence to get the system to work in the interest of Nigerians at a very critical time."

Continuing Elumelu said the Caucus is calling on Nigerians not to rest on their oars but to take maximum advantage of the 10 days extension to swap their old naira notes for new ones.

He urged the CBN to remain focused and intensify its sensitization efforts while putting every measure in place to assist Nigerians, especially those in the rural areas, to access the new naira notes.

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Nigerians involved in the sale of the newly redesigned naira notes have been warned to desist from such.

This warning was handed to this group of Nigerians by the leadership of the State Security Service.

The secret police also fingered commercial bank officials after it stated that some arrests have been made from its operations.

New naira notes: Finally Buhari explains how CBN, Emefiele is working to ensure Nigerians don't suffer

President Muhammadu Buhari said that the Central Bank of Nigeria (CBN) led by Godwin Emefiele, is working to ensure a wide distribution of the new redesign naira notes.

A statement signed by Garba Shehu, the presidential spokesperson on Saturday, January 28, said that there is ongoing improvement in the process of distributing the new notes by the apex bank.

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