CBN tells Nigerians diaspora: we would not wait for you to bring your Naira

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The Central Bank of Nigeria (CBN) has stated that it will not wait for Nigerians in the diaspora to return their Naira.

This was revealed today at the 288th meeting of the Monetary Policy Committee (MPC) in Abuja.

The apex bank governor stated that he would not extend the deadline for Nigerians with Naira in foreign currency.

CBN“Let me crack a joke; if you are in a diaspora Nigerian, you are not supposed to be spending Naira. You can not spend Naira in the US or London, so you have no reason to keep Naira. So we don’t have business with you.”

He added that “we would not wait for you to bring your Naira; that a joke, but it’s a fact.”

The Governor showed appreciation to the Nigerian president, EFCC, and the Nigerian senate for the support given to the redesign of the Naira

Emefiele wants to say that the delay would not be shifted for any reason. He said,” we would not change any deadline; what we have done is not against the law. It is tandem with the law”.

He said the current currency would remain legal tender alongside the new Notes until January 31, 2023.

The governor of Nigeria’s central bank, Godwin Emefiele, has announced that President Buhari will launch the new naira notes on the 23rd of November 2022.

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