Malam Nasir El-Rufai wants to clarify that there was no meeting held this week between the Nigerian Governors’ Forum (NGF) or the Progressive Governors Forum (PGF) and the Federal Government (FG) that lasted until the wee hours of Wednesday, 15 February 2023.

Rather, senior officials from the FG contacted some governors, including Malam Nasir El-Rufai, by phone to initiate discussions about a possible out-of-court settlement. The proposed terms were to allow only the old N200 note to remain legal tender and be circulated by the Central Bank of Nigeria (CBN) until 10 April 2023. They claimed that the CBN had already destroyed the old N500 and N1000 notes that had been deposited. However, this claim was false since the old notes were still in the custody of commercial bank branches throughout Nigeria until the evening of Monday, February 13, and not a single N500 or N1000 had been destroyed.

The proposed terms were not ...

See the details here:

https://opzygist.com.ng/lifestyles/finances/cbn-has-destroyed-all-the-old-n1000-and-n500-notes-buharis-tells-gov-el-rufai/

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