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Naira redesign: No extended deadline for old notes after Jan. 31 – CBN gov, Emefiele

The Central Bank of Nigeria (CBN) has insisted that following the redesign of the Naira, the deadline for the expiration of the old naira notes would not be extended beyond the stipulated January 31, 2023.

According to the Governor of CBN, Mr. Godwin Emefiele, “We announced this programme on October 26, 2022, and we said upon release of the new currency, the legal tender status will run concurrently with the old currency till 31 January 2023.

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“That is almost 100 hundred days; 100 days is enough for any person in any part of Nigeria to deposit his money in the bank and get ready to withdraw cash when the new notes are released.”