Atiku tells CBN to address naira scarcity, says 10-day extension enough
Nigeria, Feb. 2 -- The presidential candidate of the Peoples Democratic Party (PDP), Atiku Abubakar, has advised the Central Bank of Nigeria (CBN) against further extension of the deadline for the exchange of the old naira notes after the expiration of the apex bank's 10 February deadline.
The Governor of the Central Bank of Nigeria, Godwin Emefiele, on Tuesday announced that commercial banks must accept the old Naira notes even after the 10-day grace period.
Atiku in a statement released in Abuja on Wednesday praised the CBN for considering the plight of Nigerians by extending the deadline.
However, he warned that another extension after the grace period will destroy the purpose and objective of the currency redesign.
"The additional...
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