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CBN January 31 deadline: As a Senator, I haven’t seen new notes — Ndume laments


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Former Senate Leader, Senator Ali Ndume has lamented the absence of the newly redesigned notes in circulation, saying that as a serving member of the upper legislative chamber, he has not seen the new notes.

Senator Ndume said that if the nation’s apex bank did not extend the deadline, the majority of Nigerians would suffer the consequences of the action.

Speaking in Abuja, the Senator representing Borno South Senatorial District of Borno State also condemned people who attach political colouration to the redesigning of naira and warned that not every good policy of the government should be subjected to unnecessary politics.

Asked his take on the feasibility of the January 31 deadline, he said, “No, the date is not feasible, that’s why I moved a motion on the floor of the Senate requesting the CBN to extend the deadline for the exchange of the old notes with the new one to June 30.

“What we’re waiting is for the CBN to announce the extension. But up to now, they have not done that. And the most unfortunate part of it again, is that the new notes are not even available for exchange. And one week before the deadline, people started rejecting the old notes, especially in the rural areas, the economic activities have been put to a halt also to strangulated. I’m still thinking that the CBN will do something.”

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