Naira Redesign: Stop ‘hoarding’ currency note, you will be arrested – Emefiele

Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, has issued a stern warning to those who are “hoarding currency notes”.

Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, briefing Diplomatic Corps on Currency Redesign
Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, briefing Diplomatic Corps on Currency Redesign. Photo: @cenbank

He further warned those that “disrespect the Naira”, the “law enforcement agencies will arrest” them.

Emefiele further assured the commitment to “deepening cashless policy” remains very solid.

The Nigerian Apex Bank Governor made these statements while briefing Diplomatic Corps on Currency Redesign, where he “sues for understanding”.

According to the Central Bank of Nigeria: “Central Bank of Nigeria Governor, Mr. Godwin Emefiele, briefs Diplomatic Corps on Currency Redesign; sues for understanding


“CBN Governor, Godwin Emefiele warns against hoarding of currency notes; cautions that law enforcement agencies will arrest those who disrespect the Naira.


“CBN Governor, Godwin Emefiele, restates Bank’s commitment to deepening cashless policy.”

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