The apparent mishandling of the Naira redesign policy has elicited an intervention from the National Assembly, with the Lower Chambers inviting the Governor of the Central Bank, Godwin Emefiele and the Bankers Committee to a meeting later today (Wednesday, January 25), to explain why the newly designed naira notes are not fully in circulation.
As the January 31 deadline for the mopping of old Naira notes looms, many Nigerians, especially in rural areas, are in agony over the scarcity of the new notes which has impeded commerce across the country.
In response to this situation, the apex bank established Cash Swap Centres across the 774 Local Government Ares of the federation.
