The Governor of the Central Bank of Nigeria, Godwin Emefiele has threatened to jail Point of Sale agents charging above N200 for the CBN cash swap programme.

He said such agents will be arrested and jailed when caught. Emefiele made this known on Tuesday during a visit to the Ministry of Foreign Affairs, to discuss the monetary and currency redesign policy of the bank.

He said,

“The situation is substantially calming down since the commencement of over-the-counter payments to complement ATM disbursements and the use of super-agents. “There is, therefore, no need to consider any shift from the deadline of February 10.”

The PUNCH reported earlier that the Supreme Court had restrained the Federal Government from implementing the February 10 deadline for the currency swap. A seven-man panel of the apex court led by Justice John Okoro, in a unanimous ruling, granted an interim injunction restraining the Federal Government, the Central Bank of Nigeria and commercial banks from implementing the Friday terminal date for the old naira notes.

Also, The International Monetary Fund, last week, counselled the CBN to extend the February 10 deadline for swapping old naira notes with the redesigned ones. The IMF gave the counsel in the wake of the challenges faced by Nigerians across the country over the banknote swap process.

The IMF said in a statement,

“In light of hardships caused by disruptions to trade and payments due to the shortage of new banknotes available to the public, in spite of measures introduced by the CBN to mitigate the challenges in the banknote swap process, the IMF encourages the CBN to consider extending the deadline, should problems persist in the next few days leading up to the February 10, 2023 deadline.”

Previous articleHORROR!! Footballer Christian Atsu Still Missing After Earthquake In Turkey
Next articleWOW!! Billionaire, Elon Musk Set To Make Huge Bid For This Premier League Club
DJ Chascolee is a One of Nigeria's Top DJ. With his passion for music and entertainment in Nigeria, he delivers juicy information cutting across entertainment, lifestyle, gossip, sports, and all. Don't forget that i CAN DJ that Function,from: Birthdays,AGMs,Club Rave,Product Launches,Weddings, Dinner Parties,Beach Parties,After Parties ceremony,Traditional Events,Pro Events Solutions.. Rainbow 94.1fm DJ/Solid100.9fm Dj /Rave91.7fm DJ We Also Offer: Promo On All Nigeria Radio Stations Top blogs and online music stores Alaba, Onitsha & Enugu Promotional Mixtapes 3 Months Circulation Street Djs , Club Djs, Mix Djs, Djs Association Dj's Mixtape Inter States Artiste club Tour Artiste Radio Tour Inter States mixtape and Distribution Verified Accounts Sponsored Ads Trends & Hypes Dj Chascolee Entertainment Follow us on: WhatsApp Lines.. ☎: - +2347034456612 ||+2348055341964 Τωϯ: - @djchascolee || Instagram: - @djchascolee ||