President Buhari Sends Important Message to Nigerians Over Naira Redesign
- Buhari has backed the decision of the Central Bank of Nigeria to launch new designs and replace high value Naira notes
- The president said reasons given to him by the CBN convinced him that the economy stood to benefit from reduction in inflation
- Going further, the president added that only people with illicit money buried under the soil will have a challenge with this
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President Muhammadu Buhari has declared his support for the redesigning of naira notes. The president added he does not understand why some Nigerians are complaining.
Buhari said this while speaking in London. According to him, there is no going back on the plan despite criticisms, PM News reports.
Source: UGC
He said:
“With this change of currency, I think there will be issues with a lot of money but time is being given from October to December.”
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“Three months is enough for whatever money you have to get it changed through a legal system. So I do not know why people are complaining. There is no going back.”
Recall that the Central Bank of Nigeria (CBN) had in October announced plans to redesign the 200, 500, and 1,000 naira notes.
CBN governor, Godwin Emefiele, said the redesign will take effect from Thursday, December 15, 2022.
However, Nigerians kicked against the announcement.
But the President said he was convinced that the nation would gain a lot from CBN’s decision to redesign the naira notes.
He added:
“People with illicit money buried under the soil will have a challenge with this but workers, businesses with legitimate incomes will face no difficulties at all."
"They're bringing the money out": Nigerian lady shares video of bags of naira notes being deposited in bank
Meanwhile, a young Nigerian lady, @tomiebaby, has gone online to share a video showing a bank customer depositing huge bags of old naira notes in the bank.
The lady said she was in the bank to withdraw her last N1,000 when she witnessed the scene, suggesting that the person was most probably depositing the notes they have been hoarding in the house.
When a social media user pointed out that the person may actually be making a withdrawal, she affirmed that it was indeed a deposit transaction.
Source: Legit.ng
