The Central Bank of Nigeria has finally extended the deadline for the exchange of old naira notes by 10 days.
In a press statement issued on Sunday, Godwin Emefiele, the CBN governor, said the new deadline is February 10, 2023.
What the CBN is saying
In a press release signed by Godwin Emefiele, he stated that he met with the president (Buhari) on Sunday, January 29th to brief him on development, and based on the feedback he shared the president agreed to extend the deadline by a further 10 days.
“Aside from those holding illicit/ stolen Naira in their homes for speculative purposes, we do aim to give all Nigerians that have Naira legitimately earned and trapped, the opportunity to deposit their legitimately trapped monies at the CBN for exchange. Based on the foregoing, we have sought and obtained Mr. President’s approval for the following”
“A 10-day extension of t h e deadline from January 31, 2023, to February 10, 2023; to allow for collection of more old notes nationwide legitimately held by Nigerians and achieve more success in cash swap in our rural communities after which all old notes outside the CBN losses their Legal tender Status.”
This is a developing story…
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