Redesigned Naira: Group urges FG to extend Jan. 31 deadline

Currency swap

THE Muslim Rights Concern, Sokoto Chapter on Friday appealed to the Federal Government to extend the date for the expiration of the old naira notes.

The appeal is contained in a statement  issued by the Sokoto State Chairman of MURIC, Mr Muhammad Aliyu.

Aliyu appealed to the federal government to extend the deadline by at least two weeks.

“However, this week’s businesses in Sokoto, Kebbi and Zamfara were almost grounded as a result of the Jan. 31 deadline for expiration of old naira notes.

“This is as a result of refusal of traders to accept the old naira notes in commercial transactions.

“This is also because every bank a customer goes, would meet a very long queue of depositors, trying to deposit their old naira notes in an attempt to meet the deadline.

“Businessmen have to be at bank as early as 6:00 a.m. in order to join long queues at commercial banks to have their old naira notes changed,” he said.

He added that many filling stations and other essential service providers are also closing.

“This has currently made life more difficult to the ordinary citizens.  Many Nigerians have lamented the non-availability and scarcity of the new notes.

“Banks, as of today, are giving the old naira notes to customers with the deadline only a few days away.

“Sequel to the forgoing, we appeal to the Federal Government to reconsider its decision by extending the Jan. 31, deadline for expiration of old naira notes by at least two weeks.

“This will enable Nigerians to swap their old naira with the new naira notes,” he said.(NAN)