Redesigned Notes: Jan 31st Deadline Sacrosanct – CBN

The CBN took sensitisation on the new naira notes to Abubakar Mahmud Gumi market, Kaduna to encourage the public to change their old notes, the Central Bank of Nigeria (CBN) has reiterated the January 31st deadline is sacrosanct.

The event is part of the sensitisation on currency redesign held simultaneously at various locations across the country.

Speaking to Journalists during the sensitisation exercise at the Central Market Motor Park, Kaduna, the Director, Capacity Development Department, CBN, Mohammed Abba urged Nigerians to change their old notes, saying that there is no going back on the January 31 deadline.

According to him: “We are not just starting the sensitisation, we have involved the National Orientation Agency (NOA) and some other media houses since when the CBN governor made the announcement.

“We are just trying to consolidate that efforts now. The deadline is getting closer and people need to be carried along”.

He also urged traders to visit their banks, deposit the old notes and get the new ones so that at the end of the month, their monies will not become useless, he added.

According to Abba, the CBN is working assiduously to ensure that the banks in Kaduna seize to dispense old Naira notes.

“We are going round the banks to ensure that new notes are available in their Automated Teller Machines (ATM) and if we found any bank that is breaking this rule, we will put sanction on them. We have enough money in the Central Bank”.

“We believe that by Monday all those banks that are dispensing old notes will stop doing that,” he said.