President Muhammad Buhari today unveiled the newly redesigned naira notes before the Federal Executive Council FEC meeting at the State house, Abuja. President Buhari under scored the importance of resigning the new naira notes and that it will aide the country and address the issue of illicit financial flows, curruption, improve the nation’s economy as well as ensure advancement in the value of the naira. He further stated that the currency redign will boost the CBN’s Monetary policy initiative. President Buhari assured the people that the first set of currency which was printed locally by the Nigeria Printing and Minting Company will fundamentally prevent counterfeiting of the new naira notes. He said the apex bank is now more determined to make Nigeria a cashless economy as in other climes. Earlier after the unveiling the Central Bank Of Nigeria CBN Mr. Godwin Emefiele debunked the insinuations that early unveiling of the new naira notes is a means to target any Nigerian and that the people should not have such notion. He maintained that there will be heavy restriction on the volume of cash that people can withdraw over the counter as it works with the EFCC to monitor heavy transactions; he noted that the redesigned currency can never be counterfeited and that CBN redign the notes after every five to eight years.
BUHARI UNVEILS RE-DESIGNED NAIRA NOTES
