Overhaul Naira/ naira redesign: Miyetti Allah asks for extension of time Banknotes in denominations of 500 and 1000 naira Notes in naira Please share this story: The head of Nigeria’s Miyetti Allah Cattle Breeders Association, Southeast Region, Gidado Siddiki, has called on the Central Bank of Nigeria to extend the time allowed for circulation of the country’s new currencies. Siddiki made the
appeal in an interview with reporters in Awka on Thursday, saying that the deadline until December 15, 2022 should be extended by three months so members of the association can withdraw. their money out of the forest to avoid huge financial losses. their part. . He said the call became necessary because according to him, the band mostly live in the woods and bushes due to their business, they need more time to collect their savings to convert properly to other bands. Newly redesigned musical notes. The Central Bank of Nigeria has announced the redesign of the top three denominations, N200, N500 and N1,000. Siddiki, who said the association fully supported the policy, said: “We are appealing because in 1985, when a similar policy was announced, a lot of our people were in the fields. Their grass in rural areas across the country has lost money because the information came too quickly and wasn’t communicated to them properly. “They were unable to meet the deadline set by Apex Bank at the time. The two weeks that were granted later were not enough time for them to meet and most breeders lost their long-term savings as many breeders did not have an account number and did not keep their money at the bank. They keep and protect their money locally. “We cannot oppose or reverse government policies as law-abiding citizens of Nigeria, we are only asking CBN to help us extend the deadline by three months, so that the Miyetti Allah’s field can properly reach people who are living outside the telecommunications areas in the federal states. Please share this story:
