President Muhammadu Buhari has today, Wednesday, unveiled the redesigned new 1000, 500 and 200 Naira banknotes.
The President unveiled the new banknotes at the Council Chambers of the Presidential Villa in Abuja shortly before the commencement of the weekly Federal Executive Council (FEC) meeting.
Present at the ceremony were Secretary to the Government of the Federation, Boss Mustapha; Chief of Staff to the President, Professor Ibrahim Gambari; and the Head of Civil Service of the Federation, Dr Folashade Yemi-Esan.
Others were Ministers and the Governor of Central Bank of Nigeria (CBN) Mr Godwin Emefiele.
In his brief remarks, the CBN Governor said the introduction of new banknotes was a deliberate step by government to check corruption and counterfeiting.
He said the old banknotes would remain as legal tenders till January 31, 2023.