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Comply with President’s directive -Emefiele to banks

Comply with President’s directive -Emefiele to banks


The Governor of Central Bank of Nigeria, Mr. Godwin Emefiele, on Thursday, said since President Muhammadu Buhari announced his latest directive on the new Naira policy, he has met with the leadership of about 15 commercial banks.

The CBN governor stated this when he visited the presidential villa for a meeting with the President and the House of Representatives Special Ad Hoc Committee on Naira Redesign Policy, Cashless Policy, and Currency Swap on Thursday, hours after the nationwide televised broadcast where Buhari announced that only the old N200 note will remain a legal tender until April 10, 2023.


Emefiele said the meeting with the bank executives earlier on Thursday was to ensure ample supply of the old N200 notes to alleviate the sufferings of Nigerians.

In a chat with State House Correspondents, Emefiele who described himself as a servant appealed to Nigerians to allow the policy to work because he believes it will bring advancement to the nation’s economy when the challenge of illicit financial flows and insecurity is resolved.

The CBN Governor stated that the hardship and temporary pains due to the policy are regrettable, but assured that the apex bank will continue to work to ease the sufferings of Nigerians owing to the cash crunch.


(Channels TV/Vanguard)


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