Nigeria, Oct. 31 -- A former deputy governor of the Central Bank of Nigeria (CBN), Kingsley Moghalu, has expressed his support for the bank's decision to redesign some of the country's currency notes.

He also said the bank does not need the permission of the finance ministry or any other agency of government before making such a decision.

Mr Moghalu made the comment in an interview with Channels Television on Sunday.

The CBN Governor, Godwin Emefiele, on Wednesday, said the bank arrived at the decision to redesign N100, N200, N500 and N1000 denominations, following a request from the federal government.

He said the new notes will be in circulation from December 2022 while existing currencies will no longer be legal tender from January...