Latest CBN News Update On New Naira Notes Today, 20th February 2023

Latest CBN news update on New Naira Notes today, 20th February 2023, can be accessed below.

Following the Naira Scarcity in Nigeria, Newsone has compiled the latest news on new Naira notes. This means the latest updates on the Naira crisis in Nigeria can be accessed on this page.

Below are the latest CBN news update on new Naira notes today

Again, protest rocks Ogun over naira scarcity, banks burnt

Again, protest has erupted in Ogun State over the naira scarcity, with videos online showing two banks set on fire in the Sagamu area of the state.

The videos shared on Monday showed many residents watching as Keystone and Union banks were set ablaze with some youths holding planks in protest.

On Friday last week, Newsone Nigeria had reported how protest erupted in the Mowe-Ibafo area of Ogun State, with many residents blocking the Lagos-Ibadan Expressway in protest of the woes and hardship caused by the lingering scarcity of the naira.

Reacting to the development, a Twitter user, @arranowanna wrote, “Kindly advise your friends, families and acquaintances to avoid any protests. Take your frustration to the ballots on Saturday. Don’t burn banks, don’t burn petrol stations, don’t burn government properties.”

Another user, @morningstar_305 wrote, “I just put a call through to the house and it was confirmed to me that keystone bank and union bank at ijoku has been set ablaze by angry citizens.”

While popular tweep, Pooja, wrote, “If you are in Sagamu, be careful cos there is a protest on new naira notes.”

Atiku backtracks, says CBN naira redesign policy hurting ordinary citizens

Atiku Abubakar, presidential candidate of the Peoples Democratic Party (PDP), has appealed to the Central Bank of Nigeria (CBN) to allow commercial banks to accept deposits of the old naira notes.

Over two weeks ago, Atiku backed the currency redesign policy, advising the apex bank not to extend the February 10 deadline for the demonetisation of the old naira notes.

The former vice-president also said any further extension would destroy the purpose and objective of the policy.

Naira redesign: Sowore knocks Atiku over U-turn, says ex-VP ‘opportunistic’

The presidential candidate of the African Action Congress, Omoyele Sowore, has knocked the presidential candidate of the Peoples Democratic Party, Atiku Abubakar, over his (Atiku’s) stance on the naira crisis ravaging the country.

Sowore said Atiku was an opportunist who thought he could capitalise on the “poverty-inducing” naira redesign policy to win the presidential election.

The publisher of Sahara Reporters stated this in a tweet posted to his Twitter handle on Monday morning.

Sowore alleged that the naira redesign policy was “fraud” targeted at hurting “poor Nigerians.”

“Opportunistic @atiku thought he could capitalise on the poverty-inducing Naira Design to win election. Any real leader would have known that ‘naira design’ fraud was gonna […] hurt poor Nigerians. Reason I keep saying there is no difference. He’s coming to sell everything,” Sowore tweeted.

Naira crisis: Banks shun CBN directive, collect old N1,000, N500

Some Deposit Money Banks on Saturday opened their branches to customers for the purpose of collecting old N500 and N1,000 notes for deposit into their accounts.

This was contrary to the claim by the Central Bank of Nigeria that it did not instruct the banks to continue to collect the old notes from depositors.

On Friday, Newsone Nigeria reported that the CBN had ordered banks to start collecting the old N500 and N1,000 notes from members of the public and pegged the maximum amount they could collect from individuals at N500,000.

The CBN swiftly issued a counter statement signed by the Director, Corporate Communications, Osita Nwanisobi, saying it did not give such a directive.

That’s the latest CBN news update on New Naira Notes today, kindly check back tomorrow for more. Read Naija News on Newsone Nigeria.