Get use to e-Naira, notes will be out of circulation- CBN

Post created on 11:21 am

The Central Bank of Nigeria CBN said the paper currency will soon be out of circulation, thereby urging market men and women to sign into the e-Naira.

This was stated by the CBN Controller of Delta State Branch on Friday, Mr. Godwin Okafor, at the popular Ogbogonogo market during the CBN market sensitisation on e-Naira.

While urging the traders to key into the central bank’s e-Naira policy Okafor said

“We are here at the market today to sensitise the market people on the use of e-Naira. It is fully backed by CBN unlike Bitcoin has no legal backing.”

Consultant of CBN on e-Naira, Dr. Aminu Bizi, said after Lagos, Delta was chosen as the second state to sensitize market women on e-Naira.

“We are here to sensitise market men and women shop to shop on the use of e-Naira. CBN has gone behind ATM, and 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”