Friday, December 2, 2022

Naira Deadline: Buni asks banks for easy way to offload old notes 

“I urge banks to conduct more sensitisation on the policy and devise a means people can change their old notes to new ones conveniently before January 31, 2023, deadline.”

• November 14, 2022

Governor Mai Mala Buni on Monday called on commercial banks to provide easy means for their customers in Yobe to offload naira notes the federal government planned to replace in 2023.

Mr Buni noted that if banks had more branches, mopping up old currency in line with the Central Bank of Nigeria’s naira redesign policy would have been more successful.

“I urge banks to conduct more sensitisation on the policy and devise a means by which people can change their old notes to new ones conveniently before (the) January 31, 2023, deadline,” he said.

The Yobe governor made the plea in Damaturu while inaugurating 50 point of sale (POS) machines donated to the state by the United Bank for Africa (UBA) to enhance revenue generation.

He said establishing more branches across the state would encourage bank transactions among rural dwellers.

“In Yobe, only four of the 17 local government areas have banks. Many of our people are farmers or pastoralists who believe in holding cash instead of engaging in bank transactions,” stated the governor. “It is high time you expanded your operations to cover the remaining local government areas.”

Mr Buni commended commercial banks and other development partners for supporting the state in implementing policies and programmes that directly affect people’s lives.


We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.

More from Peoples Gazette

Ekiti State Governor; Gov Biodun Oyebanji

Hot news Home top

Ekiti Assembly Crisis: Gov Oyebanji warns non-APC members to steer clear

Mr Oyebanji said this while signing the N122.6 billion Ekiti State 2022 Supplementary Appropriation Bill into law in Ado-Ekiti on Friday.

Hot news Home top

Fuel Scarcity: Two persons apprehended for product diversion in Delta, said NMDPRA

The regulator assured that the prevailing fuel crisis ravaging various parts of the country would soon disappear.

Abandoned children rescued in Lagos used to illustrate the story


Police rescue abandoned children in Lagos

“The boys disclosed that their mother boarded a car and left them.”



Flutterwave collaborates with CeBIH for 2022 Conference to secure, advance payments ecosystem in Nigeria 

The conference which holds in Lagos on Friday, December 2nd, 2022, promises to chart the course for combating fraud in payments.

A composite of Mosque and Delta State Commissioner of Police, Muhammed Ali


Gunmen attack mosque in Delta, kidnap three 

A resident said gunmen kidnapped three worshippers in a mosque in Delta.

Nigeria Students in Russia used to illustrate the story


107 Nigerian students receive scholarships to study in Russia 

Under the Nigeria-Russia Bilateral Education Agreement, 107 Nigerian students are in Russia.