Naira Redesign: “Nigerians will fill uncountable forms to withdraw large amounts” – Emefiele 

The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, has said the apex bank will henceforth take cashless policy seriously, noting that people will fill countless forms and provide their data before they can withdraw large amounts.

Emefiele also said the redesign of the N200, N500 and N1, 000 notes was not targeted at any individual or group of people in the country.

He stated these on Wednesday while fielding questions from State House reporters after the launch of the redesigned naira notes by President Muhammadu Buhari at the Council Chambers of the Presidential Villa, Abuja.

Emefiele, who said the CBN was only doing its job, insisted that cashless policy would be implemented nationwide.

Emefiele warned Nigerians against holding of the old notes, saying there was no going back on the January 31st 2023 deadline to completely render the old notes useless.

“We have to work as a country. Nigeria is the biggest country, both in population and economy in Africa, and we have to ensure that we do things the right way that also positions us as the leader in Africa and one of the leading countries in the world. We must do things right; and I think it would start from today”, he added.

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