Buhari with the newly redesigned naira notes
President Muhammadu Buhari on Wednesday, 23rd of November 2022, finally unveiled the much talked about re-designed Naira Notes.
Earlier on Tuesday, Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, said that Buhari would unveil the newly designed N1,000, N500 and N200 notes.
The unveiling today marks the first time in 19 years Nigeria will be redesigning its currency notes. Emefiele debunked insinuations that the early unveiling of new notes is a means to target any Nigerian.
Emefiele appealed to members of the public that there is no need to perpetuate any such information. He maintained that there would be a heavy restriction on the volume of cash that people can withdraw over the counter, as it works with the EFCC to monitor the purpose of any heavy transactions.
