CBN sensitises Bayelsa traders on redesigned Naira notes

• Published date: 21 January 2023
• Publication title: Nigeria - The Nation

The Central Bank of Nigeria (CBN) has taken its sensitisation campaign on the redesigned new Naira notes to major markets in Bayelsa State.

The Branch Controller of the CBN, Yenagoa Branch, Mr. Francis Asuquo, said the campaign was geared towards enlightening Nigerians on the redesigned currency which is aimed at checking counterfeit currencies, money laundering and control of Naira in circulation.

Officials of the CBN visited the Swali Ultra-Modern and the Kpansia Markets in Yenagoa for the exercise.

Asuquo told the traders that the redesigned currencies were part of efforts by the Central Bank of Nigeria to improve the nation's currency, the financial system and the economy.

He stated that there was no going back on the January 31, 2023 deadline for the old notes to cease being used as legal tender.

The Branch Controller said it was about 15 years now that the Naira was redesigned, stating that it is a jailable offence to abuse the naira notes, either folding it, spraying it at an occasion, amongst others.

Asuquo stated: 'The policy of the new note is the best, we know Bayelsa people always like money to be in their pockets.

'We want you to imbibe the usage of the new Naira note and the culture of e-naira and electronic banking, it is very risky to withdraw huge amounts of...