President Muhammadu Buhari on Wednesday unveiled the re-designed Naira Notes in Abuja. The redesigned naira notes are 200, 500 and 1,000 denominations.
The unveiling today, marks the first time in 19 years, Nigeria will be redesigning it’s currency notes.
At a briefing after the ceremony before the Federal Executive Council meeting, the CBN governor debunked insinuations suggesting that the early unveiling of the new notes is a means to target some Nigerians. Mr. Emefiele appealed to members of the public to desist from making such speculation, adding that there is no need to perpetuate any such information.
According to him, the CBN will intensify the monitoring process and interrogate the process of withdrawals.Emefiele maintained that there will be heavy restriction on the volume of cash that people can withdraw over the counter, as it works with the Economic and Financial Crimes Commission (EFCC) to monitor the purpose of any heavy transactions.
(ChannelsTV)