The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, on Wednesday announced that 200, 500, and 1,000 notes will be redesigned by December 2022.
POLITICS NIGERIA reports that Emefiele equally advised Nigerians to return the existing old notes to their banks before the expiration period.
The CBN helmsman was speaking during a special press briefing in Abuja, the Nigerian capital city.
According to him, actions are being taken in order to take control of the currency in circulation.
He stated that the bulk of Nigeria’s currency notes were outside bank vaults and that the CBN would not allow the situation to continue.
More to come…
The article was originally published on Politics Nigeria.