CBN TAKES NEW NAIRA NOTES SENSITIZATION TO B/KEBBI CENTRAL MARKET.
FROM : AYODELE AJOGE, BIRNIN-KEBBI
The Central Bank of Nigeria (CBN) Kebbi state branch on Thursday took the sensitization on the need to change their old currency notes to the new ones before the January 31st dead line to their various banks.
CBN branch manager In Kebbi, Malam Dantsoho Abdullahi told market men and women that introducing the new notes is a way of helping their business to grow by checkmating counterfeiting, strengthen the economy and to promote financial inclusion which would invariably allow Central bank monitors money supply.
Dantsoho explaines that the decision to redesigned the naira was to also reduced cash management, adding that 800 percent of money in circulation are not in the bank which has allowed fraudsters destroy the economy beyond imagination.
He urged the market traders to go and deposit their money in the bank before deadline and to those who have no account to open one to avoid lateness.
In his remarks at the occasion, the State Director of National Orientation Agency (NOA), Mr. Joseph Yaro Machika said that the agency have the mandate of the CBN to sencitise the people of Kebbi State on the new naira note redesigned.
He stated that NOA is at the peak of sentizisation as the Agency has been up and down across the State, adding that people should endeavour to take their money to the bank before the deadline date.