NAIRA NOTES WILL BE OUT OF CIRCULATION SOON ACCORDING TO CBN OFFICIAL
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By Adeniyi Onaara
The Central Bank of Nigeria (CBN) has announced that paper money would be phased away shortly, asking market participants to sign up for the e-Naira.
Mr Godwin Okafor, the CBN’s Delta State Branch Controller, disclosed this on Friday during a market sensitization on the e-Naira at the famed Ogbogonogo market.
He asked traders to pay attention to the e-Naira policies of the central bank.
“We are here today at the market to sensitize the market folks on the use of e-Naira,” he stated. Unlike Bitcoin, which has no legal backing, it is entirely supported by the CBN.”
Dr. Aminu Bizi, a CBN e-Naira expert, said Delta was chosen as the second state to educate market women.
“We are here to sensitise market men and women shop to shop on the use of e-Naira. CBN has gone behind ATM, POS, therefore, we are going to meet the Okada/tricycle union on this policy.
“Paper currency will soon be out of circulation because CBN spent money to print money and people abuse the currency in the market, spraying at the occasion, payment of Okada/tricycle and others and CBN is losing”
He said the use of e-Naira was effective, charges free unlike ATM and POS and cannot be hacked by fraudsters.
In his remark, the Secretary to the State Government, Chief Patrick Ukah, applauded CBN for e-Naira initiative.
Ukah who was represented by the Director of Finance and Account in the office of SSG, Mr. Benson Ojoko, said the state was delighted with CBN programmes, describing e-Naira as a laudable programme that has placed Nigeria in international finance.
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