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<p dir="ltr">The Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele, says the January 31 deadline to stop the circulation of old Naira notes remains.</p><div class="9FXUVlRq" style="clear:both;float:left;width:100%;margin:0 0 20px 0;"><script async src="https://pagead2.googlesyndication.com/pagead/js/adsbygoogle.js"></script>

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<p dir="ltr">Mr Emefiele gave the clarification on Tuesday in Abuja, after the Monetary Policy Committee, MPC, meeting of the apex bank.</p><div class="4yk4xJKl" style="clear:both;float:left;width:100%;margin:0 0 20px 0;"><script async src="https://pagead2.googlesyndication.com/pagead/js/adsbygoogle.js"></script>

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<p dir="ltr">According to him, the 90 days window given by the CBN for Nigerians to deposit their old currencies was enough.</p>
<p dir="ltr">“We called on the Deposit Money Banks (DMBs) to extend their working hours, and to work on weekends.</p>
<p dir="ltr">“There is no reason to talk about a shift. The new currencies are available,” he said.</p>
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<p dir="ltr">Mr Emefiele said that the apex bank had mandated the DMBs to feed the new notes into their Automated Teller Machines, ATMs, for Nigerians to have equal access.</p>
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<p dir="ltr">“We have increased disbursement of the new notes to them. There is adequate quantity of new notes available.</p>
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<p dir="ltr">“Our mint is producing and we are supplying the banks. We have super agents in underserved areas like riverine communities, and CBN staff members have been out on mobilisation.</p>
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<p dir="ltr">“We believe that by Jan. 31, the new naira notes would have permeated the nooks and crannies of the country,” he said.</p>
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<p dir="ltr">He said that the CBN had so far received about N1.5 trillion of the old Naira notes.</p>
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<p dir="ltr">He urged Nigerians to accelerate the process of taking their old notes to the banks before the deadline, adding that they should not fear harassment for security agents.</p>
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<p dir="ltr">“We have begged the EFCC and the ICPC to allow Nigerians to deposit their old Naira notes,” he said.</p>
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