President Buhari Launches new Naira notes

By Khadijah Abdulrazak

President Muhammadu Buhari has today (Wednesday) unveiled the redesigned naira notes of N200, N500 and N1000 at the Council Chamber of the Presidential Villa Abuja.

The unveiling of the new naira notes was done before the virtual meeting of the Federal Executive Council (FEC) with a number of cabinet members in attendance.

The unveiling of the new redesigned notes hitherto slated for Dec. 15 was brought forward to Wednesday by the Central Bank of Nigeria (CBN).

During the launching ceremony president Muhammadu Buhari said the redesigned naira notes would checkmate the compromise that has prompted the breaches being experienced in the monetary system, saying the redesigned of the notes was done in good faith.

According to the news agency of Nigeria (NAN) the CBN Governor, Mr Godwin Emefiele, who announced the shifting of the date on Tuesday at a media briefing in Abuja to mark the end of the 288th Monetary Policy Committee (MPC) meeting and the last in 2022, urged those in possession of the old notes to hurriedly deposit them at the nearest bank branch.

He noted that, this would enable them to beat the Jan. 31, 2023 deadline to dispose of the old notes.

The Governor had emphasized the decision to redesign the affected dominations was burn out of the necessity to save the country’s integrity  

SMARTS NEWS reports that the redesigned naira notes was printed locally by the Nigeria Security Printing and minting company   

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