Naira: Senate wants CBN deadline moved to July 31

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The Senate on Tuesday appealed to the Central Bank of Nigeria to extend the deadline for the exchange of old naira notes from the January 31 deadline to July 31, 2023.

However, the insistence of the CBN on no reversal on the set deadline instigated Senator Sadiq Umar, to move a motion on the floor of the Red Chamber on Tuesday where he demanded an extension to July 31.

Most senators who contributed to the debate overwhelmingly embraced the extension, citing scarcity of new notes both in the banks and at the various Automated Teller Machine points across the country. The President of the Senate, Ahmad Lawan, put the prayers in the motion to vote and the lawmakers voted in support of the extension of the deadline from January 31 to July 31.All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH.

 

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Mad people

It will not work,let 31 January 2023 remain the deadline as it is,so buyers of voters can be seazed until the election is over.. If you want new note go and put your money in the bank

Ha ha..... July 31 to foo far for what they set out to achieve.... It should cease being a legal tender by February 1st.... but the bank should accept it for another 2 weeks

No extension whatever.

Why should the deadline be moved?

Nija banks are working for some of the politicians

Criminals

The Only answer is to make the new Papers Available in circulation by CBN very simple

I support CBN on this , there should be no extension whatsoever . The frustration of the new notes distribution is intentional. Politicians are the biggest benefactors here and we have all seen the reason why they are hunting this man and want the extension. say no to extension

I’ve actually never seen this new 200 Naira note.

Their vote buying plan won't work for them.. the deadline for remitting old note and withdrawal limit stands...God is on our side this time

to put it simply ..they want it postponed TILL AFTER ELECTION

Dec 31st will be better

Mad people

By then them for done full this new notes for tank

Is better.

They should. If not they will kill alot. Still there’re people who are not aware of it.

Meffy says No, wahala! wahala!! wahala!!! 🤣

Because they have stocked up cash to buy votes

pls u guys should try and extend the dead line of these issues ooooo! in Gombe as am twitting right now they have started rejecting the old notes.we that do not have much, do u want us to die before our time?

November 31st sef. The new naira note didn't effectively Circulate. Therefore give far extension...

You people didn't fear God at all. New notes in circulation are not enough now.

For this Naija 🤣, shey na here we dey.

God forbid, they've not been able to offload the excess notes they stored in underground tanks.

I dont understand why people are shouting for extension. Is it the stress of taking d money to bank or banks refuse to collect money from you? You can imagine somebody wey get 2k still dey shout extension.

Yeah the should move it ,cause it’s not possible for this their new note to circulate around Nigeria in a month….Not possible

Holy ghost fire no way

July at least Nigerians will have enough time to deposit their money.

No way

The pple have rejected the deadline! Is either the CBN should honor the pple or, the pple would ease him out!

Never

No way...

I totally disagree with senate.

They better do. Jan 31st won’t just work.

Voter buyers, it'll not work. CBN should maintain that 31 January.

Yes i love this Before then,the new notes would have circulated very well

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