Deadline for old naira notes

2023 - 1 - 26

nigerian new currency

Post cover — Image courtesy of "TheCable"

Lawyer sues CBN, seeks extension of deadline for old naira notes (TheCable)

Joshua Alobo, a professor of law, has asked a federal high court in Abuja to restrain the Central Bank of Nigeria (CBN) from terminating...

“We respectfully submit that the dateline January 31, 2023, for phasing old Naira notes is of grave constitutional importance for the economic survival of the vast population that constitutes the entity called Nigeria. “We concede that the policy of redesigning the currency is within the powers of the CBN, especially with the approval and endorsement of the president of the federal republic of Nigeria. Alobo also submitted that the January 31 deadline for the usage of the old notes “is discriminatory against the rural dwellers, poor and less privileged persons in the society, as politically exposed persons are paid with the redesigned notes”.

Nigerian banks extend workdays to weekends as CBN deadline for ... (Guardian)

The action is in response to the deadline set for the collection of old naira notes by the Central Bank of Nigeria (CBN) governor Godwin Emefiele.

And we took every measure to ensure that all the banks were open to receive all old currencies. 100 days, we believe, is more than adequate.” The action is to help customers meet the Tuesday, January 31 deadline set for the collection of old naira notes by the Central Bank of Nigeria (CBN) governor Godwin Emefiele.

New naira: MURIC calls for deadline extension - Punch Newspapers (The Punch)

The Sokoto State Chapter of the Muslim Rights Concern has appealed to the Federal Government to extend the deadline for the expiration of old naira notes by ...

We call on Nigerians to remain peaceful and stop panicking about the money swap.” “This has currently made life more difficult for ordinary citizens. Reacting, MURIC chairman, Muhammad Aliyu, in a statement on Friday, said the January 31 deadline set by the Federal Government had almost grounded businesses in Sokoto, Kebbi, and Zamfara states because of people’s refusal to accept the old naira notes in commercial transactions out of fear of possible inability to deposit the notes in commercial banks.

Naira redesign: Islamic group tells Nigerian govt to extend deadline ... (Daily Post Nigeria)

An Islamic group, Muslim Rights Concern, MURIC, has appealed to the Federal Government to extend the deadline by at least two weeks. Barrister Muhammad.

Many Nigerians have lamented the nonavailability and scarcity of the new notes, this is because banks up till today, still give out the old naira notes to customers with the deadline only a few days away. “Many filling stations and other essential services providers also closed, because most of their customers come with old naira notes and they are not sure whether they would be able to deposit the same to the bank. “This is because every bank a customer goes to will meet a very long queue of depositors, trying to deposit their old naira notes in their attempt to beat the deadline.

Chaos looms as old naira notes phase out nears (Businessday.ng)

The persistent scarcity of redesigned naira intensified on Friday, frustrating many Nigerians and businesses as an entire population.

“The bank is far from where I live so I make use of POS. The Central Bank of Nigeria (CBN) had set January 31, 2023 as the deadline for phasing out the old notes in circulation. “I could not withdraw money because the ATM is paying only N2,000 per transaction.

Kwakwanso Wants January 31 Deadline For Submission Of Old ... (The Whistler NG)

The Presidential Candidate of the New Nigerian Peoples Party, Musa Rabiu Kwankwaso wants the Central Bank of Nigeria Governor, Godwin Emefiele to either.

If for any reason government decides not to extend the time and the masses have their own money in their houses, we will make sure that the money will not become a waste. Meaning if we have the opportunity (elected), we will have a window and ask them to come and take their money. If you are dealing with a bank owner and people who have billions and trillions in the bank, you cannot do anything. We are aware of the difficulties in the banks,” the NNPP flag bearer said. Kwakwanso said on Arise Tv that, “As far as we are concerned, those of us in NNPP, we believe that the redesigning is a mistake, especially the timing. So many people land into crisis and these are innocent people who have worked earned to earn their money.