According to a statement, issued by the Chief Press Secretary to the governor, Abba Anwar, the governor emphasized that: “The CBN governor is only doing this to cause confusion in the forthcoming elections over unjustifiable reason.”

Source: https://punchng.com/new-naira-govs-parties-begin-legal-battle-over-cbn-deadline/

According to him, the CBN had directed all banks to load their Automated Teller Machines as well as conduct physical operations in the banking halls through the weekends.

Source: https://theeagleonline.com.ng/cbn-confirms-evacuation-of-banknotes-to-dmbs-directs-them-to-work-weekends/

According to him, the CBN sold an anti-corruption motive to the President which made him approve the policy.

Source: https://www.channelstv.com/2023/02/06/breaking-naira-redesign-court-stops-cbn-from-suspending-withdrawal-limit-policy/

According to the CBN, the currency in circulation increased from N1.4 trillion in 2015 to N3.23 trillion in October 2022.

Source: https://punchng.com/new-naira-listen-to-voice-of-reason-ngf-tells-cbn/

Across the nation’s capital, many banks refused to accept the old notes for the second day, citing a directive from the CBN.

Source: https://ogtv.com.ng/2023/02/15/naira-crisis-worsens-emefiele-justifies-redesign/

Admitting that the CBN had the right to redesign the country’s currency, he, however, argued that the apex bank did not have the right to dispossess the citizens of their cash.

Source: https://www.blueprint.ng/cost-of-naira-shoots-up-food-prices/

A former governor of the Central Bank of Nigeria (CBN), Muhammad Sanusi, said Nigeria has been ‘dangerously’ divided by ethnicity and religion.

Source: https://guardian.ng/news/emefiele-says-transaction-volume-via-e-channels-rose-by-836/

Already Officials of the Department of State Services, in conjunction with CBN, and the Nigerian Security and Civil Defense Corps, have arrested 14 persons, including a lady.

Source: https://www.legit.ng/business-economy/economy/1493790-these-nigerian-banks-suspend-international-transactions-naira-cards-bank/

Also during the session, the Senate amended the Central Bank of Nigeria (CBN) Act to increase the total CBN advances to the Federal Government from five percent to a maximum of 15 percent.

Source: https://nigerianobservernews.com/2023/05/senate-amends-2022-supplementary-appropriation-act/

Also during the session, the Senate amended the Central Bank of Nigeria (CBN) Act to increase the total CBN advances to the Federal Government from five percent to a maximum of 15 percent.

Source: https://nigerianobservernews.com/2023/05/senate-amends-2022-supplementary-appropriation-act/

Also speaking on the matter, a top executive of a tier-2 bank, said, “There has been no directive from the CBN on the matter, as to whether to stay with the February 10th deadline or not.

Source: https://ogtv.com.ng/2023/02/10/new-naira-confusion-deepens-as-cbn-deadline-ends-today/

Also, the Dutse branch of the CBN yesterday monitored ATMs of commercial banks in the state to enforce the directive on dispensing of the new banknotes.

Source: https://hallmarknews.com/no-going-back-on-january-31-deadline-for-phasing-out-old-naira-notes-cbn/

Among allegations levied against the embattled CBN governor by the DSS are terrorism financing, mismanagement of Nigeria’s social investment programme and the Anchor Borrowers’ Scheme, among others.

Source: https://onlinenigeria.com/politics/336002-dss-set-to-seek-order-to-extend-emefieles-detention-lines-up-interrogators.html?utm_source=rss&utm_medium=rss&utm_campaign=dss-set-to-seek-order-to-extend-emefieles-detention-lines-up-interrogators

Among them is the President of the Ooni of Ife, Oba Adeyeye Enitan Ogunwusi; African Development Bank President, Dr Akinwumi Adesina; Central Bank of Nigeria (CBN) Governor, Godwin Emefiele; Anambra State Governor, Prof Charles Soludo.

Source: https://www.channelstv.com/2023/05/29/ghana-president-dangote-governors-other-dignitaries-arrive-eagle-square-for-tinubus-inauguration/

Another study researching cannabinoids highlighted CBN for its anti-inflammatory potential, which may explain its analgesic properties in the case of inflammation-related conditions.

Source: https://www.minthilltimes.com/all-things-hemp/what-is-cbn/?utm_source=rss&utm_medium=rss&utm_campaign=what-is-cbn

Anuga said: “We made effort to see how we can communicate with the 4th respondent (Emefiele) but the 3rd respondent (CBN) was unable to communicate with 4th respondent.

Source: https://pointblanknews.com/pbn/exclusive/court-threatens-emefiele-with-arrest-over-53m-paris-club-refund-debt/

Apart from the scarcity of the new currencies, the woes of the ordinary people were compounded by the withdrawal limits set by the CBN consequent upon its cashless policy.

Source: https://thenationonlineng.net/victims-of-naira-redesign/

A resident said that a week before the end of the naira swap deadline, many had enough cash reserves at home, which they deposited in the banks via proxies as the CBN deadline approached to avoid losing them.

Source: https://www.legit.ng/business-economy/economy/1519747-cash-crisis-leads-nigerians-villages-resort-trade-by-barter/

As an administration, we will demand sound policies and coordinated implementation across the board from CBN such that things will be done the correct way,” he said in the statement.

Source: https://punchng.com/new-naira-abiola-faults-fg-over-nigerians-ordeal/

Aside from the CBN currency redesign, other issues that triggered Naira depreciation include US monetary policy tightening that strengthened the US dollar and the proliferation of political activities with the US dollar.

Source: https://businessday.ng/news/article/naira-loses-0-67-against-dollar-as-trading-week-ends/