Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has assured that the apex bank would release between N700 to N800 billion into circulation before the end of this month.
![](https://thenigerialawyer.com/wp-content/uploads/2024/11/TheNigerialawyer-WhatsApp-Channel1.jpg")
Emefiele gave this assurance yesterday at a meeting he had with President Muhammadu Buhari alongside the House if Representatives Committee on Naira Redesign and Naira Swap led by its Leader, Ado Doguwa, at the Presidential Villa, Abuja.
This came as the President told the lawmakers that the cashless policy, though with pros and cons, has helped in curbing the challenge of kidnapping and some pockets of corruption issues on the country. Emefiele, according to a release by a Presidential spokesman, Malam Garba Shehu, assured that the CBN would release the old N200 into circulation as directed in his national broadcast yesterday.
According to him, the CBN boss who insisted that the country must go cashless because it was global and could be used to check corruption and resolve certain security issues, said the new currency to be released would be in excess of what would be needed to run the economy. He stated emphatically that it was not possible to put back more than N3 trillion if the economy was to be healthy.
Emefiele gave a firm promise that the Bank would not be a problem with elections, and they would be held successfully as far as the Bank is concerned.
He added that senior officers at the CBN had all been sent out, complimented by “Super Agents,” to take new currencies to unbanked rural populations, expressing optimism that the problems he described as “temporary, passing” will go away in no distant future.
Emefiele also reported that he had met 15 top banks earlier in the day in an effort to resolve prevailing problems and will do so again later in the evening, assuring that “we are at the end of the problem.
_______________________________________________________________________
[A MUST HAVE] Evidence Act Demystified With Recent And Contemporary Cases And Materials
Available now for NGN 40,000 at ASC Publications, 10, Boyle Street, Onikan, Lagos. Beside High Court, TBS. Email publications@ayindesanni.com or WhatsApp +2347056667384. Purchase Link: https://paystack.com/buy/evidence-act-complete-annotation
______________________________________________________________________
ARTIFICIAL INTELLIGENCE FOR LAWYERS: A COMPREHENSIVE GUIDE
Reimagine your practice with the power of AI “...this is the only Nigerian book I know of on the topic.” — Ohio Books Ltd
Authored by Ben Ijeoma Adigwe, Esq., ACIArb (UK), LL.M, Dip. in Artificial Intelligence, Director, Delta State Ministry of Justice, Asaba, Nigeria.
Bonus:
Get a FREE eBook titled “How to Use the AI in Legalpedia and Law Pavilion” with every purchase.
How to Order: 📞 Call, Text, or WhatsApp: 08034917063 | 07055285878 📧 Email: benadigwe1@gmail.com 🌐 Website: www.benadigwe.com
Ebook Version: Access directly online at: https://selar.com/prv626
______________________________________________________________________ “Bridging Theory And Courtroom Practice” — Hagler Sunny Okorie, Nathaniel Ngozi Ikeocha Unveil ‘Functional’ Tort Law Book For Nigerian Legal System
The book, titled The Law of Torts in Nigeria: A Functional Approach, authored by Professor Hagler Sunny Okorie Ph.D and Ikeocha, Nathaniel Ngozi Esq, offers law students, practitioners, and academics a comprehensive guide to understanding and applying tort law in Nigerian courts. Interested buyers can place orders via the following contact numbers: 08028636615, 08037667945, 08032253813, or +234 902 196 2209.
______________________________________________________________________
“Enhance Legal Practice With Authoritative Reports” — Alexander Payne Offers Comprehensive Law Reports, Spanning Over A Century Of Nigerian Jurisprudence
Interested buyers are encouraged to place their orders and enquiries via:
0704 444 4777, 0704 444 4999, 0818 199 9888
Website: www.alexandernigeria.com
