CBN Sensitizes Bayelsa Traders on Redesigned Naira Notes

The Central Bank of Nigeria has taken its sensitization campaign on the redesigned new Naira notes to major markets in Bayelsa State.

Branch Controller of the CBN, Yenagoa Branch, Mr. Francis Asuquo said the campaign was geared towards enlightening Nigerians on the redesigned currency which is aimed at checking counterfeit currencies, money laundering and control of Naira in circulation.

Officials of the CBN visited the Swali Ultra Modern and the Kpansia Markets in Yenagoa for the exercise.

Branch Controller of the CBN, Yenagoa Branch, Mr. Francis Asuquo told the traders that the redesigned currencies were part of efforts by the Central Bank of Nigeria to improve the nation’s currency, the financial system and the economy.

He explained that the policy would tackle the challenge of excess Naira in circulation, money laundering, inflation among others, stating that there was no going back on the January 31, 2023 deadline for the old notes ceasing being used as legal tender.

The Officer in charge of the Swali Ultra Modern Market in the Bayelsa State Ministry of Trade, Industry and Investment Mrs. Margaret Egele said the programme had enlightened the traders on issues relating to the redesigned Naira notes.

Two officials of the CBN, Oluwasuen Oladipo and Valentine Nsikak also sensitized the traders on Electronic-Naira, Digital currency and rights of consumers.

The event featured an interactive session with the traders making enquiries on the redesigned Naira and other policies of the CBN.

Officials of the CBN from Abuja had earlier visited some commercial banks in Yenagoa to ascertain the compliance level to dispensation of the redesigned notes to customers through the Automated Teller Machine, ATM.

Tife Owolabi
Journalist
Niger Delta
@tifeowolabi
facebook.com/Tife Owolabi
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