Confusion as bus conductor demands transfer from passengers without new currency (Video)

This however comes as the Central Bank of Nigeria has given a 10-day extension of the deadline for submission of old N200, N500 and N1000 notes to banks.

The CBN Governor, Godwin Emefiele, on Sunday, said the swapping of old naira notes with the redesigned ones will continue till February 10, 2023.

Emefiele said, “Based on the foregoing, we have sought and obtained Mr President’s approval for the following: a 10-day extension of the deadline from January 31, 2023, to February 10, 2023; to allow for collection of more old notes legitimately held by Nigerians and achieve more success in cash swap in our rural communities after which all old notes outside the CBN loses their Legal Tender Status.

“Our CBN staff currently on mass mobilisation and monitoring together with officials of the Economic and Financial Crimes Commission and the Independent Corrupt Practices and other Related Offences Commission will work together to achieve these objectives.

“A seven-day grace period, beginning from February 10 to February 17, 2023, in compliance with Sections 20(3) and 22 of the CBN Act, allowing Nigerians to deposit their old notes at the CBN after the February deadline when the old currency would have lost its Legal Tender status.”

Reacting, waja2186 wrote; Even wen CBN hv given two weeks extension

diiamondyrn; Before Watin make them do ?

hajjicosmos101; Way to go, it will now remain how our banks we strengthen their security server

macquine001; People wey dey watch this Big Brother show for Naija no fit reach 50.

parker_ojugo; Netflix just dey sleep on this country see better comic play ????

greatnessf3; Me if I wan giv u my new money u go pay for it

poetic_v; Yes na incase someone wants to start telling stories.

_teetat; Even me will pay conductor and driver with transfer now?. Make I no go hold cash that no one will collect from.