Old Naira Notes: Senate asks CBN to extend deadline to May 31

Old Naira Notes: Senate asks CBN to extend deadline to May 31

VANGUARD 

The Senate yesterday asked the Central Bank of Nigeria, CBN to extend the deadline for the exchange of old naira notes from the January 31 deadline to May 31, 2023.

The Senate has also urged the CBN to open an exchange window where people that don’t have bank accounts to deposit their old notes.

The resolution of the Senate was a sequel to a motion by Senator Sadiq Umar, APC, Kwara North who demanded an extension to July 31, just as he was worried by the insistence of the apex bank that there would be no such extension…

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