Tue. Dec 20th, 2022

Five days after the official release of the newly redesigned Naira notes by the Central Bank of Nigeria, the new notes are yet to be in circulation.

BCA Correspondent Ifeanyi Ogbonna who visited many ATM points POS, and Banks in Umuahia the State Capital reports that most of the transactions are still done with the old notes.

Speaking in an interview some residents including Mr. Chikezie Ogubunka, Ifeanyi Amos and Kenneth Nnaomah wondered why the Banks are not paying people with the new naira notes.

They expressed concern that the 31st January, 2023 deadline given by the CBN for the life span of the old naira notes may not be realized as the new notes may not gain the needed circulation before then.

Also speaking, Mr. Onwuka Kalu, Chinedu Nwoke and Ngozi Gbaruko stressed the need for the Apex bank to make the new redesigned Naira notes available for transactions.

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