Again, Emefiele Insists ‘No Going Back On January 31 Deadline’

• CBN Governor Emefiele has again insisted that there is ‘no going back on January 31 deadline’.

• The CBN has insisted that the old N200, N500, and N1,000 notes will no longer be accepted after the deadline.

• The apex bank made this known via its verified Twitter handle on Saturday evening.

EKO HOT BLOG reports that the Central Bank of Nigeria has again said that the January 31 deadline for the validity of the old 200, 500 and 1,000 naira notes remains unchanged.

Despite calls from various quarters pleading with the apex bank to extend the deadline in order to allow Nigerians more time to return their old notes to deposit money banks, the CBN has insisted that the deadline remains unchanged.

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But refusing to yield to pressure, the apex bank, via its verified Twitter page, insisted on Saturday evening that the January 31, 2023 deadline remains.

Reposting a video of the CBN Governor, Godwin Emefiele, from the just concluded Monetary Policy Committee meeting, the apex bank said, “Deadline for the return of old series of 200, 500 and 1000 naira notes remains January 31 2023.”

While in the video posted Emefiele said, “Unfortunately, I don’t have good news for those who feel we should shift the deadline, my apologies.

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“The reason is because, just like the president has said more than two occasions and even to some people privately, 100 days is more than enough for anybody who has the old currency to deposit it in the banks. And we took every measure to ensure that all the banks were and are still open to accepting deposits.”

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