Governor of the Central Bank of Nigeria, Godwin Emefiele, has said the CBN will not extend the January 31st deadline for the old naira notes.
There have been calls from different quarters for the extension of the deadline in view of some challenges.
But speaking at the post Monetary Policy Committee briefing of the bank in Abuja on Tuesday, Emefiele said, “I don’t have good news for those who want deadline of old naira to be changed because we will not move it.
“People are holding and vaulting the naira in their houses and they don’t have the license to do that, because they use it to speculate on the naira.”
He said the apex bank has so far mopped up about N1.5 trillion, hoping to achieve about N2 trillion before the deadline.