Former presidential aspirant Adamu Garba has reacted to the Central Bank of Nigeria’s extension of the deadline for exchanging old Naira notes.<\/p>\n
The CBN Governor, Godwin Emefiele, stated in a statement on Sunday that the apex bank has the president’s permission to extend the deadline<\/a>.<\/p>\n According to Emefiele, the CBN has collected 1.9 trillion so far and only needs 900 billion to effectively implement the policy.<\/p>\n 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.<\/p>\n In response to the extension, Garba asked people who live in cities and still require new notes on his verified Twitter page on Sunday.<\/p>\n He claimed that people can use their bank app to make transactions once the old notes have been deposited into their accounts.<\/p>\n He said:<\/strong><\/p>\n On a serious note, you the city dwellers, why do you need the new notes? Why do you need cash?<\/em><\/p>\n 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.<\/em><\/p>\n Let the cash be moved to villages please.<\/em><\/p>\n<\/blockquote>\n On a serious note, you the city dwellers, why do you need the new notes? Why do you need cash?<\/p>\n 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.<\/p>\n Let the cash be moved to villages please.<\/p>\n — Adamu J. B Garba II (@adamugarba) January 29, 2023<\/a><\/p><\/blockquote>\n\n
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