Former presidential aspirant Adamu Garba has reacted to the Central Bank of Nigeria’s extension of the deadline for exchanging old Naira notes.
The CBN Governor, Godwin Emefiele, stated in a statement on Sunday that the apex bank has the president’s permission to extend the deadline.
According to Emefiele, the CBN has collected 1.9 trillion so far and only needs 900 billion to effectively implement the policy.
The new deadline for the old notes to cease being legal tender, according to the apex bank chief, is February 10, 2023, but Nigerians have a seven-day grace period after the new deadline to submit the notes.
In response to the extension, Garba asked people who live in cities and still require new notes on his verified Twitter page on Sunday.
He claimed that people can use their bank app to make transactions once the old notes have been deposited into their accounts.
He said:
On a serious note, you the city dwellers, why do you need the new notes? Why do you need cash?
Just go to the bank, deposit the old note, credit in your account, walk away with your mobile app and use the app for all transactions.
Let the cash be moved to villages please.
On a serious note, you the city dwellers, why do you need the new notes? Why do you need cash?
Just go to bank, deposit the old note, credit in your account, walk away with your mobile wallet app and use the app for all transactions.
Let the cash be moved to villages please.
— Adamu J. B Garba II (@adamugarba) January 29, 2023
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