CBN governor Emefiele Archives - Page 2 of 7

Naira Redesign: “Banks will accept old currency notes after deadline” – Emefiele

February 1, 2023February 1, 2023 Aminu Imam

The Central Bank of Nigeria (CBN) yesterday assured the members of the public that nobody will lose money, as deposit money banks will continue to accept old Naira notes after its deadline for the currency swap. The CBN Governor, Godwin Emefiele, gave the assurance in Abuja, during an interactive session with the House of Representatives ad-hoc Committee on the Currency Redesign and Naira swap policy. Recall that the CBN on Sunday extended the deadline for the phase-out of old naira notes by 10 days from January 31, 2023 to February…

‘Why Buhari approved old naira deadline extension’ � Emefiele

January 30, 2023January 30, 2023 Aminu Imam

President Muhammadu Buhari, yesterday, in Daura, Katsina State, approved the Central Bank of Nigeria (CBN)�s request to extend the deadline for swapping old naira notes with the redesigned notes from January 31, 2023, to February 10, 2023. Buhari also approved a seven-day grace period, which runs from February 10 to February 17, to allow Nigerians to deposit their old notes at the CBN after which the old notes cease to be legal tender. The CBN governor, Godwin Emefiele, disclosed these to State House correspondents shortly after he met the President…

“Buhari, Emefiele deserve commendation for introducing POS cash-swap initiatives” � ACJHR

January 26, 2023January 26, 2023 Aminu Imam

A Civil Society Organisation (CSO), African Center for Justice and Human Rights, (ACJHR) has described the Central Bank of Nigeria, CBN Governor, Godwin Emefiele as a man who has shown his heart is with the upliftment of the poor, with the Point-of-Sales (POS) cash-swap initiative. Recall the CBN launched the Cash-Swap Programme, January 23, 2023, as a means to reach out to the grassroots residents that have limited access to financial products, to enable them to bring in their old notes before the January 31 deadline date. The CBN�s decision…

Stamp Duty Controversy: “Only N370bn, not N89tr collected as revenue in 6 years” – Emefiele

January 25, 2023January 25, 2023 Aminu Imam

Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele, says the total revenue collected as stamp duty in six years between 2016 and 2022 is N370,686 billion. Recall that a House of Representatives member representing Kazaure, Roni, Gwiwa, Yankwashi, of Jigawa State, Muhammed Gudaji Kazaure, had in 2022 raised an alarm over alleged theft of stamp duty proceeds running into N89 trillion. Emefiele, however, made his declaration of N370,686 billion yesterday in Abuja, after the Monetary Policy Committee (MPC) meeting, and stressed that the CBN was not withholding any…

Buhari meets Emefiele at Villa

January 20, 2023January 20, 2023 Aminu Imam

President Muhammadu Buhari yesterday met with the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, at the Presidential Villa, Abuja. Recall that Emefiele recently resumed duty after he returned from his annual leave abroad. It is his second meeting with the President in the year. Although the details of the meeting remained unknown, the meeting is the second between the President and the CBN Governor on the same day. Earlier, Emefiele was part of the audience President Buhari granted the Arab Bank for Economic Development team, at the…

Emefiele returns, vows to continue performing duties directed by Buhari

January 17, 2023January 17, 2023 Aminu Imam

…As DSS denies invading CBN Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has returned to the country after his �annual leave� overseas. The apex bank disclosed this in an issued statement yesterday, noting that Emefiele vowed to keep performing the tasks President Muhammadu Buhari directs him to. In the statement, signed by the apex bank’s Director, Corporate Communications Osita Nwanisobi, titled: �CBN Gov, Emefiele Resumes Duty after Annual Leave�, the governor said he is back with renewed vigour. The statement read: “The Governor, Central Bank of Nigeria,…

Group hails Buhari, Court for quashing charges against CBN Governor, Emefiele�

December 31, 2022December 31, 2022 Aminu Imam

Ohanaeze Youths Movement has hailed President Muhammadu Buhari and the Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, over the court judgment quashing the move by the Department of Security Services, (DSS), to charge Emefiele with trumped-up charges of terrorism-financing. In a judgment delivered on Thursday, Justice M.A. Hassan barred the DSS from inviting, arresting, detaining, or charging the CBN Governor with any allegation of terrorism or fraudulent act. The Justice described the plot to arrest Emefiele of terrorism as oppressive, baseless, fabricated and unacceptable. Lauding the judgment, the Ohanaeze…

‘Why POS agents are needed in CBN�s cashless policy’ � Emefiele

December 24, 2022December 24, 2022 Aminu Imam

The Governor of Central Bank of Nigeria, (CBN), Godwin Emefiele, has explained why Point of Sale (PoS) agents are needed in the cashless policy of the apex bank. Emefiele said the POS agents are needed because it was important to ensure that the people at the hinterlands where there may not be financial institutions are given access to financial services. The CBN governor said the quickest financial service would be the POS at the rural communities. The apex bank’s Deputy Governor, the Financial System Stability, A’isha Ahmed, who represented Emefiele stated…

Alleged N89.1tr Stamp Duty Collection: Presidency defends Emefiele

December 12, 2022December 12, 2022 Aminu Imam

…Says Kazaure�s Committee illegal The Presidency has dismissed as fake and untrue that the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, could not account for about N89.1 trillion the CBN collected as Stamp Duty charges. A member of the House of Representatives from Jigawa, Gudaji Kazaure, in a viral video, had allegedly accused the CBN governor of attempts to cover-up facts surrounding the collection of the controversial amount. He also alleged that he was deliberately being denied access to present a preliminary report of a committee set…

Naira Redesign: ‘Nigerians have returned over N500bn old notes after new policy announcement’ – Emefiele

December 9, 2022December 9, 2022 Aminu Imam

Central Bank of Nigeria (CBN) governor, Godwin Emefiele, yesterday, in Daura, Katsina State, disclosed that over N500 billion have been returned to banks� vaults by Nigerians following the redesignation of the three denominations of the currency. Emefiele told newsmen, after a meeting with President Muhammadu Buhari in Daura, Katsina State, that the policy on cash withdrawal limit is not intended to hurt anybody but to strengthen the nation�s economy. Speaking on the amount of the old notes the apex bank has been able to mop up from circulation, Emefiele said: �We have…