President Muhammadu Buhari on Thursday confirmed that he ordered Godwin Emefiele, the Central Bank of Nigeria (CBN) to effect the controversial Naira redesign.
POLITICS NIGERIA reports that President Buhari said this during a national broadcast on the challenges of the currency swap and the state of the nation.
“In the last quarter of 2022, I authorised the Central Bank of Nigeria (CBN) to redesign the N200, N500, and N1000 Nigerian banknotes,” Buhari said.
“For a smooth transition, I similarly approved that the redesigned banknotes should circulate concurrently with the old bank notes, till 31 January 2023, before the old notes, cease to be legal tender.
“In appreciation of the systemic and human difficulties encountered during implementation and in response to the appeal of all citizens, an extension of ten days was authorized till 10th February, 2023 for the completion of the process.
“All these activities are being carried out within the ambit of the Constitution, the relevant law under the CBN Act 2007 and in line with global best practices.”
Lusada
We have all heard it now from d horses mouth & should leave Mr emefiele alone bcos he’s acting in order & d president is exercising his right & authority
I have nothing to say about this either than pray I know some people they’ll be and regret this kingdom we are now but for me all shall going be well read Matthew 24
I have nothing to say about this either than pray I know some people they’ll be surpraise and regret this kingdom we are into now but for me all shall going to be well read Matthew 24
Good morning how are you doing everyone I so grateful Nigeria I’m not really happy with her what is happening in this country but hurry why are you trying to suffering your people that is what that people do to you is not good thank you out of your family well before you start control stress Nigeria things
A good leader exonerates his subori from all their failures and take them blames upon himself
Na now buhari done a great well all this evil papa and leaders that know only themselves are. Now going to suffer what we suffer this year’s cause those money they stuck in their houses will now be useless to them I love u buhari
Now that PMB has categorically said he ordered Emefiele to redesigned naira note, I hope you will be kind enough not to drag Emefiele into imbroglio. PMB knows how important the policy is to his Administration. There’s nothing like cabal on this issue