Central Bank of Nigeria Governor, Godwin Emefiele, has shifted ground for the second time in days over the deadline on the validity of the old naira notes.
He on Tuesday said even after the February 10 deadline, commercial banks in Nigeria will still accept old naira notes from customers.
Appearing before the ad hoc committee set up by the House on the CBN naira redesign policy, Emefiele said,
“Section 20 says even after the old currency has lost its legal tender status that we are mandated to collect that money. And I stand with the House of Reps on this,” he stated, adding that, “if you have your money that you have not been able to send to the bank. We will certainly give you the opportunity to bring them back into the CBN to redeem it. Either you pay it to your bank account or you want to do an exchange — we give you. You will not lose your money. This is the assurance I give to Nigerians.”
Gbajabiamila had noted, “After the expiration date, such naira notes changed will no longer be legal tender but it also says that even five months, three months, or two months after, even in June, all the old notes presented to the bank shall be redeemed by the bank,” Gbajabiamila had stated in a Thursday speech.
