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Showing posts with the label Naira Redesign: Nigerians Will Fill Uncountable Forms To Withdraw Large Amounts

Naira Redesign: Nigerians Will Fill Uncountable Forms To Withdraw Large Amounts

  The Governor of the Central Bank of Nigeria (CBN),  Godwin Emefiele, has said the apex bank will henceforth take cashless policy seriously, noting that people will fill countless forms and provide their data before they can withdraw large amounts. Emefiele also said the redesign of the N200, N500 and N1,000 notes was not targeted at any individual or group of people in the country. He stated these on Wednesday while fielding questions from State House reporters after the launch of the redesigned naira notes by President Muhammadu Buhari at the Council Chambers of the Presidential Villa, Abuja. Emefiele, who said the CBN was only doing its job, insisted that cashless policy would be implemented nationwide . On how the plans would succeed when told that the Chairman of the Economic and Financial Crimes Commission (EFCC),  Abdulrasheed Bawa , said some governors were trying to frustrate the new policy, the CBN governor said:  “Like I said earlier, our policy of redesi...