Naira redesign has reduced kidnapping, ransom-taking – Emefiele

The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has said the recent release of three redesigned naira notes has somehow reduced kidnapping and ransom-taking by armed men.

The CBN governor, who spoke after the apex bank’s Monetary Policy Committee (MPC) meeting in Abuja on Tuesday, also said there is no going back on its January 31, 2023 deadline for the validity of the old N200, N500 and N1,000 notes.

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