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Naira Redesign: We Need Extra Three Months – Miyetti Allah Begs CBN

Posted by Thandiubani on Fri 18th Nov, 2022 - tori.ng

The leader of the association in the South-East, Gidado Siddiki, urged the CBN to extend the deadline by three months.

The Miyetti Allah Cattle Breeders Association of Nigeria, MACBAN has begged the federal government for an extension of its deadline for the circulation of the redesigned naira notes.

MACBAN through its leader in the South-East, Gidado Siddiki made the appeal for the deadline to be extended by three months.

Siddiki explained that the extension would give members of MACBAN more time to deposit their money in banks.

Speaking yesterday in Awka, Anambra State, Siddiki said most herders don’t save their monies in banks, hence the need for time.

He disclosed that most herders carry their money along with them in the bush.

“We cannot fight or reverse the government policy as law-abiding citizens of Nigeria, but we are only appealing to the CBN to help us extend the deadline for another three months.

“This will enable the leadership of Miyetti Allah to reach out properly to those living in out-of communication areas across States of the federation,” he said.

The apex bank had said the redesigned naira notes would be in circulation on December 15, 2022.

Naira notes affected are the N100, N200, N500, and N1000 denominations.