The Central Bank of Nigeria (CBN) has extended the deadline for the use of the old notes till February 10.CBN Governor, Godwin Emefiele, announced the extension in a statement signed on Sunday.
He explained that the apex bank has sought approval from President Muhammadu Buhari to extend the deadline for the use of the old notes by 10 days.
The CBN Governor also solicited the cooperation of all Nigerians in ensuring a hitch-free process for the implementation of the policy.
Royal Times reports that the scramble by many Nigerians to meet the initial January 31 deadline has been chaotic as many of them flood banking halls with huge cash in old notes to exchange them with new ones.