Buhari unveils newly redesigned naira notes

President Muhammadu Buhari has finally unveiled the newly re-designed notes for the highest denominations of the naira.

The President performed the brief ceremony just before the start of the Federal Executive Council (FEC) meeting at the Council Chambers of the Presidential Villa, Abuja.

He presented to the public the new N1000, N500 and N200 notes.

Present at the ceremony were Secretary to the Government of the Federation (SGF), Mr Boss Mustapha; Chief of Staff to the President, Professor Ibrahim Gambari; and the Head of the Civil Service of the Federation, Dr Folashade Yemi-Esan.

Others were Ministers and the Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele.

The CBN Governor said the introduction of new notes was a deliberate step by government to check corruption and counterfeiting of the notes.

However, the naira notes currently in use will remain as legal tenders till 31st January, 2023.