Buhari unveils redesigned naira notes

Buhari unveils redesigned naira notes

By Ismaila Chafe, Abuja.

 

President Muhammadu Buhari on Wednesday unveiled the redesigned naira notes of N200, N500 and N1000 at the Council Chamber of the Presidential Villa in Abuja.

 

The unveiling of the naira notes preceded the virtual meeting of the Federal Executive Council (FEC), with a number of cabinet members in attendance.

 

The unveiling of the new redesigned notes, hitherto slated for Dec. 15, was brought forward to Wednesday by the Central Bank of Nigeria (CBN).

 

Governor of CBN Godwin Emefiele, who announced the shifting of the date on Tuesday at a media briefing to mark the end of the 288th Monetary Policy Committee meeting, urged those in possession of the old notes to hurriedly deposit them at the nearest bank branch.

 

He said that this would enable them to beat the Jan. 31, 2023 deadline for the disposal of the old banknotes.

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