We followed due process, CBN replies Finance Minister on redesign of Naira notes

The Central Bank of Nigeria (CBN) has responded to remarks by the Minister of Finance, Budget and National Planning, Zainab Ahmed that her office is unaware of plans to redesign some naira notes.

Ahmed had told the Senate committee on Friday that CBN governor Godwin Emefiele should be invited to explain the purpose of the new naira notes as she only read about the move in the media like everyone else.

She also faulted the process, describing the move to redesign the notes as ill-timed and that it will significantly affect the Nigerian currency.