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Flagging The Conscience Of Truth

Atiku Joins Tinubu and other Leaders to Protest Deadline for Old Naira Notes, Citing Discomfort.

ByWeb Manager

Jan 28, 2023

Former Vice President Atiku Abubakar joins Tinubu and other prominent leaders in protesting the Central Bank of Nigeria’s deadline for the exchange of old naira notes, citing discomfort and inconvenience caused to citizens.

“The deadline for the old naira notes will be a significant inconvenience for the Nigerian people,” Atiku stated in a video tweet. “It would be a kind gesture for the government and regulatory bodies to alleviate the stress on citizens while we continue to educate the public on the importance of mobile banking.”

Atiku, a former Vice President of Nigeria, has called on the Central Bank of Nigeria (CBN) to extend the January 31 deadline for citizens to exchange their old naira notes for new ones. He stated that the deadline will cause significant discomfort for Nigerians and suggested that the bank continue to educate the public on the benefits of mobile banking while easing the burden on citizens. Despite the CBN Governor’s earlier refusal to extend the deadline, Atiku urged the bank to consider an extension to reduce the financial consequences for vulnerable citizens.

Atiku, a former vice president of Nigeria, has called for an extension of the Central Bank of Nigeria’s (CBN) deadline for citizens to deposit their old naira notes for new ones. He argued that an extension would reduce the financial burden on vulnerable citizens and alleviate the stress related to exchanging old notes before the upcoming general elections. Atiku’s plea for an extension was met with a refusal from CBN Governor Godwin Emefiele, who stated that 100 days should be enough time for citizens to deposit their old notes. Atiku is not alone in his request, as other leaders including presidential candidate Bola Tinubu and the Nigerian Senate have also called for an extension, citing concerns that millions of unbanked and rural dwellers may be negatively impacted if the deadline remains unchanged.

Commercial banks in Nigeria have extended their hours to include weekends to accommodate customers depositing their old naira notes. Banks such as First Bank of Nigeria and Guaranty Trust Bank have notified customers to visit their branches on Saturday and Sunday to deposit their old notes. Kano State Governor Abdullahi Ganduje has also expressed concern about the difficulty rural communities may face in obtaining the new notes, stating “there are no banks in most of our rural communities.” The Central Bank of Nigeria’s deadline for exchanging old notes for new ones is January 31st.

Source: Guardian News

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