Extending Feb 10 deadline for old naira needless – Emefiele

godwin-emefiele-cbn-governor

CBN Governor Godwin Emefiele

From Uche Usim, Abuja

Central Bank of Nigeria (CBN) Governor Mr Godwin Emefiele has said there was no need to extend the February 10 sunset date for the old naira notes, as efforts were in top gear to ensure the redesigned notes are available in addition to alternative banking channels.

Emefiele made the disclosure Tuesday when he unfolded the apex bank’s monetary policy programmes to members of the diplomatic community in Abuja.

According to him, several strategic steps were taken before venturing into the currency redesign programme.

His position is coming after he met with President Muhammadu Buhari on Monday, amid an existing Supreme Court interim order, though the CBN was not a party to the suit.

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