Sulaimon OlanrewajuThe Central Bank of Nigeria (CBN) has said that the Nigerian Security Printing and Minting Company Plc (NSPMC) has enough capacity and materials to produce the required quantity of the new Naira notes, adding that at no time did its governor, Godwin Emefiele, say anything to the contrary during his presentation to the National Council of State. The apex bank, while assuring Nigerians that it would increase circulation of the new notes to all parts of the country, debunked the rumour that it planned to close down some money deposit banks in some regions of the country. The bank said in the press statement, “At no time did the CBN Governor disclose this during his presentation to the National Council of State at its meeting on Friday, February 10, 2023. We also wish to restate that the NSPMC has the capacity and enough materials to produce the required indent of the Naira. “The public is therefore advised to ignore such recordings as they do not represent the policy thrust of the CBN and are only the desperate attempts of persons bent on inciting the public against the bank.”

Source: Nigerian Tribune February 11, 2023 14:57 UTC