The Central Bank of Nigeria has insisted that there is no going back on the January 31 deadline for the old 200, 500 and 1,000 naira notes, as they will cease to be legal tender in the country.

The CBN Governor Godwin Emefiele reiterated the apex bank’s stance after the Monetary Policy Committee meeting in Abuja on Tuesday.

Emefiele also insisted that enough time had been given to Nigerians to swap their old naira notes for new ones.

This is as he also said that kidnapping and ransom-taking had reduced since the three banknotes were redesigned.

Many Nigerians have however lamented the unavailability and scarcity of the new notes, decrying that banks up till today, were still giving out the old naira notes to customers with the deadline only a few days away.

Meanwhile, the CBN in its efforts to ensure that everyone is carried along embarked on a cash swap programme nationwide to enable those in the unbanked areas to exchange their old notes before the January 31 deadline, however, excluding Lagos and Abuja mobile money/Point of Sales operators from the programme.

The CBN also recently ordered commercial banks to immediately stop over-the-counter withdrawal of the new notes and load their Automated Teller Machines with the redesigned naira notes to boost its circulation.

However, despite the efforts of the apex bank, bank customers have continued to lament the scarcity of the new notes

In a related development, The PUNCH reported that the House of Representatives, on Tuesday, summoned commercial banks over the scarcity of new naira notes.

The Managing Directors/Chief Executive Officers of the banks, under the auspices of the Bankers’ Committee, are to meet with an ad hoc committee of the House to be chaired by the Majority Leader, Alhassan Ado-Doguwa, on Wednesday (tomorrow).
The meeting is for the banks to explain the alleged supply shortage from the Central Bank of Nigeria, after which the lawmakers would invite the leadership of the apex bank for questioning.

The House further resolved that the window for swapping the old notes with the new ones be extended by six months.

Meanwhile, the Senate on Tuesday similarly appealed to the apex bank to extend the deadline by six months as well, from January 31 to July 31, 2023.

The CBN on October 26, 2022 had announced its plan to redesign the three banknotes. The President, Major General Muhammadu Buhari (retd), subsequently unveiled the redesigned N200, N500 and N1,000 notes on November 23, 2022, while the apex bank fixed January 31 deadline for the validity of the old notes.

Source: https://punchng.com/just-in-deadline-remains-jan-31-for-old-naira-notes-cbn/?amp

CBN must not shift this deadline, 31st is 31st

And pos people have started rejecting old naira notes.
Watiin be this naaw.

The unification of the Hausa/Fulani cabals of the Northern Region goes a long way in tactical, logical and political sense of autonomy & expertise. Northerners are smarter. They know how to play this game of politics. The ground at which they placed Tinubu in this contest of 2023 presidential election really comes with high tension of betrayal, suspense with some touches of unpredictable moves by the Northerner using APC being the current government to dish out policy and decision that would destroy the legacy, foundation and already planned moves by Tinubu led tactical and strategy movement. It is not a shame however but SOME OF US ARE LEARNING. Its not more a political war but a tribal war

Ok we are waiting


https://www.youtube.com/watch?v=Lqd9vmwbaZI

Fuel scarcity + old note rejection= triple wahala. Travelers go hear am as from next week

Emefiele no send.

Iyalaya won

The wahala of going to the bank everyday to get money above 20k is not funny

but if that is what would stampede those political criminals and dissipate their financial warchest to curb vote buying,

then by all means I don't mind the inconvenience

New money wey we never see for area CBN want make we use for transactions,no be juju be dat?
31st will never work otherwise Nigeria might burn into ashes and elections will not hold come 26st February..

Yes oo, so shall it be

Initial gra gra

If you are a polit ician and you have money you have stacked up at home and don't know how to spend it or put it in the bank because of the deadline.

Bring it to us, let's use it and pay you back with new notes.

Story for the God's!
Money wey never enter sone parts of Amambra state

Well done Emiefiele...


Please holdon till the end and see this through...do not bow to pressure!

Emefiele is chasing those collected billions from him thought he would become Nigeria Presido after his office as a CBN governor but God surprised him.

Is ASIWAJU your problem?

We understand you more, ASIWAJU will win with landslide victory.

Emefiele should not frustrates people at the grassroot, it will soon end for him.

If Emefiele was the Presidential candidate of APC, I wonder if he would have implemented the change in Naira color and other policies he is championing!

Small yansh dey shake lol

CBN small yansh dey shake

Dem dey craze ni?

Best CBN governor that is fearless in making decisions. No ass lecking.

Will you keep quiet , with this poor implementation of this policy

Bank atm are still paying the old note even in lagos

The new 200 note is not available

All banks still giving out old notes should be reported and sanctioned! Closed down if possible!


Why is it so hard to enforce laws in this contraption?!

The matter just tire person!

Jan 31st nah jst few days left and i never see all the new naira notes.....

i no even get 1 for hand..

omoh dis tin no go work ooh...

What a country!

Everything is deadline

Even our lives in Naija is deadline

This is madness, Nigerians will lose billions of naira because of this

Okay, yet the new notes aren't readily available.

Bank ATMs still dispense old notes, POS same thing and that will obviously continue till 31st! This is because CBN has not made enough dyed notes available! The only reason bubu is in on this is because of his brother-in-law who is in charge of printing money. I honestly don't blame Emefiele because it's not his turf, he's just a borrowed weapon while the gainers hide in a corner. Whatever rocks their boat...I've limited my purchases to stores, no open market till 1st of February

Birikiti:
If Emefiele was the Presidential candidate of APC, I wonder if he would have implemented the change in Naira color and other policies he is championing!

He's a mad man,same Emefiele released billions of naira to dazuki and Obanikoro to campaign for Jonathan and suddenly,he wants us to believe he is an angel

And most banks are still issuing old notes, all the will only have effect on the masses not the rich or politicians let's us continue to deceive ourselves.

Good! We can't be asking for extension of dates of deadline for everything

Wish this will remain till after election. It won't be too hard to bear for just three weeks.

Let Agbado and Mikano boys show us where they wil get the i lions for vote buying because CBN only printed 200bn of the new notes and they Agbado and Mikano men can't have as much as 50bn of the new notes, no matter how hard they try.

On Obi Datti I Stan