Naira redesign: Miyetti Allah appeals for extension of deadline
The Miyetti Allah Cattle Breeders Association of Nigeria (MACBAN) has appealed to the Central Bank of Nigeria (CBN) to extend the deadline for the circulation of the redesigned naira notes.
The South-East leader of the association, Gidado Siddiki, made the appeal on Thursday in Awka, Anambra State, urging the CBN to extend the deadline by three months.
Siddiki explained that the extension would give members of MACBAN more time to deposit their money in banks, noting that most herders do not save their monies in banks but carry their money along with them in the bush, hence the need for time.
He said “We cannot fight or reverse the government policy as law-abiding citizens of Nigeria, but we are only appealing to the CBN to help us extend the deadline for another three months.”
“This will enable the leadership of Miyetti Allah to reach out properly to those living in out-of communication areas across States of the federation”.
The apex bank had announced that the redesigned naira notes would be in circulation on December 15, 2022.
The naira notes that would be redesigned are the N100, N200, N500, and N1000 denominations.