365news gathered that The Central Bank of Nigeria, CBN, has been urged to extend the deadline for the circulation of the newly designed naira notes by the Miyetti Allah Cattle Breeders Association of Nigeria, or MACBAN.
Gidado Siddiki, the executive director of the South-East association, pleaded with the CBN to extend the deadline by three months.
The extension, according to Siddiki, would offer MACBAN members additional time to deposit their money in banks.
Speaking yesterday in Awka, Anambra State, Siddiki said most herders don’t save their monies in banks, hence the need for time.
He disclosed that most herders carry their money along with them in the bush.
“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,” he said.
The apex bank had said the redesigned naira notes would be in circulation on December 15, 2022.
Naira notes affected are the N100, N200, N500, and N1000 denominations.
