Governor of the Central Bank of Nigeria

2023 - 1 - 31

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Image courtesy of "Voice of Nigeria"

CBN Governor Assures Old Notes Won't Lose Value – Voice of Nigeria (Voice of Nigeria)

The Governor of the Central Bank of Nigeria, (CBN) Mr. Godwin Emefiele has assured Nigerians that the value of old naira notes of 200, 500 and 1000 will ...

Ado Doguwa, said the assurance would go a long way in calming the nerves of Nigerians. These included specific directives to the banks to load the new notes into the Automated Teller Machines Nation wide to ensure and equitable and transparent mechanism for the distribution of the new notes to all Nigerians”. Godwin Emefiele has assured Nigerians that the value of old naira notes of 200, 500 and 1000 will still be redeemed even after they have ceased to be legal tender by February 10 deadline.

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Image courtesy of "Premium Times"

UPDATED: Emefiele bows to pressure, appears before Reps panel (Premium Times)

Last Week Tuesday, the House resolved to invite the CBN Governor and managing directors of commercial banks to get more explanations on the policy. Mr Emefiele ...

Last year, Mr Emefiele also shunned the invitation of the House on four different occasions. The House had to issue threats before the CBN agreed to send a representative. In a letter, Mr Emefiele claimed he was out of the country. Good journalism costs a lot of money. Mr Emefiele announced that Nigerians have a grace period of 7 days to deposit old notes at commercial banks even after the deadline. He announced the extension after a meeting with President Muhammadu Buhari in Daura Katsina State.

Emefiele finally appears before Reps over new naira - Punch ... (The Punch)

The Governor of the Central Bank of Nigeria, Godwin Emefiele, has finally appeared before the House of Representatives which summoned him over the confusion ...

The House had summoned Emefiele but he failed to appear in the two previous appointments with the lawmakers. “Nigeria, as a developing economy and a nascent democracy, must respect the principles of the rule of law. The money is not getting to the people. “We also know the President to be a man of the people. The President gave the approval based on what he knows and what he has been told. On Tuesday when we resume, we will invoke the provisions of Section 89 of the Constitution .The President has been very clear.

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Image courtesy of "SaharaReporters.com"

Central Bank Governor, Emefiele Appears Before House Of Reps ... (SaharaReporters.com)

The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, on Tuesday finally appeared before the ad-hoc committee of the House of Representatives ...

The unabating scarcity of the new Naira notes forced the House of Representatives to set up an ad-hoc committee to resolve the difficulties between the CBN and commercial banks, despite the insistence of Emefiele that many of the banks were hoarding the notes. On the daily withdrawal limit and the scarcity of the new Naira notes, the CBN Governor blamed commercial banks for the scarcity of the new Naira notes but however said that the reason the apex bank directed deposit banks to ensure only ATM withdrawals was to limit the daily withdrawal of individuals. The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, on Tuesday finally appeared before the ad-hoc committee of the House of Representatives which is investigating the scarcity of the new naira notes.

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Image courtesy of "P.M. News"

Emefiele bows to pressure, appears before Reps over new naira ... (P.M. News)

The Governor of the Central Bank of Nigeria, Godwin Emefiele, has finally appeared before the House of Representatives.

The President gave the approval based on what he knows and what he has been told. The money is not getting to the people. “We also know the President to be a man of the people.

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Image courtesy of "TheCable"

CBN will accept old naira notes after deadline, says Emefiele ... (TheCable)

Godwin Emefiele, governor of the CBN, says banks will continue to accept old naira notes after the stipulated deadline.

Editor’s note: The original story suggested that banks would continue to collect the old notes after the deadline. That means holders will deal directly with the CBN, not the banks. Either you pay it to your bank account or you want to do exchange, we will give you.

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Image courtesy of "Daily Post Nigeria"

Emefiele finally appears before Reps committee after threat of arrest (Daily Post Nigeria)

Godwin Emefiele, the Governor of the Central Bank of Nigeria, on Tuesday finally appeared before the House of Representatives Committee, investigating the.

However, the committee has insisted that Emefiele must appear before them. At the commencement of the meeting, the Chairman of the Committee, Ado Doguwa said the CBN boss provided reasons for missing previous invitations. The Committee and delegation of the CBN are currently meeting at the National Assembly.

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Image courtesy of "THISDAY Newspapers"

Cash Swap: Old Banknotes Redeemable Only at CBN after ... (THISDAY Newspapers)

Insists old N200, N500, N1000 no longer tenable after February 10 · Pledges no Nigerian will lose their money, seeks support · Accuses commercial banks of ...

“It only when you interface, you have an opportunity to understand the policy of government. Osita Nwanisobi, explained to journalists that the old notes would cease to be legal tender after February 10, 2023, and could no longer be used for any form of transaction afterwards. “I want to thank you for coming up this submission most especially your last submission about the position of the law; that the bank will at all times respect the position of the laws of the land. I must say that I am even delighted that even yesterday, I read that the DSS has started that, which is what we want so that everybody knows that we are conducting this activity to the best of our ability. The exchange rate to be stable and we are hoping that with this exercise, the naira can even get stronger. “We are happy they the exercise has achieved a success of over 75 percent in our villages, etc. “We know in the process that some will be hurt, I will say temporarily. “I thank the president that in 19 years, we have had an opportunity to carry out this important aspect of our mandate. “We are doing this for the good of Nigerians. They are in leaflets but what we saw being stamped on people at parties were packages of the new naira notes which means they had breached certain aspects of the guidance note we gave to them. When we are not in control out of N2.3 trillion, what we see in the banking system is just about N500 billion. The Governor of the Central Bank of Nigeria (CBN), Mr.

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