Nasir El-Rufai, the governor of Kaduna State, revealed that the Federal Government’s proposal would only allow the old N200 notes to continue being legal tender until April 10th, 2023.
Within Nigeria reports this in a statement on Wednesday by Muyiwa Adekeye, Special Adviser on Media & Communication to governor El-Rufai.
The governor refuted rumors that on Wednesday, the governors of the All Progressives Congress met with the federal government.
However, he claimed that some high-ranking members of the President Muhammadu Buhari-led administration spoke with some governors, including himself, on the phone to try to put an end to the crisis surrounding the currency redesign.
According to him, the Federal Government asserted that the N500 and N1000 notes already deposited had been destroyed.
He continued by saying that the federal government’s proposal is insufficient to alleviate the suffering of Nigerians.
“Rather, senior officials of the FG reached some governors, including Malam Nasir El-Rufai, on the phone to initiate discussions on a possible out-of-court settlement. The proposed terms allowed only the old N200 note to remain legal tender and circulated by the CBN until April 10 2023. They claimed that the CBN had already destroyed the old N500 and N1000 notes that had been deposited but that those who still held the old notes could redeem them up to April 10 2023.
“These were not considered as serious proposals, for obvious reasons. Circulating the old N200 notes alone would not be sufficient to relieve widespread human suffering in Kaduna State and, indeed, in Nigeria today. They knew that which is why they falsely claimed that the CBN had already destroyed the old N500 and N1000 notes. It is contrary to the fact available to the governors that the old notes were in the custody of commercial bank branches throughout Nigeria until the evening of Monday, February 13, and not a single N500 or N1000 had been destroyed”, the statement contained.
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