• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Saturday, August 30, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Currency Redesign: CBN Only Printed N402bn New Naira Notes — Falana

by Mark Itsibor
2 years ago
in Business
Currency redesign
Share on WhatsAppShare on FacebookShare on XTelegram

Human rights lawyer, Femi Falana, SAN, has disclosed that the Central Bank of Nigeria (CBN) only printed N402 billion to replace the about N3 trillion old banknotes withdrawn from circulation during the currency redesign policy in the early part of 2023.

Advertisement

 

Falana said he relied on the provisions Freedom of Information (FoI) Act to obtain details about the amount of currency printed and management of the implementation process.

 

“To my outter dismay, whereas thee CBN mopped up 3.2 trillion from the public, it only printed N402 billion,” Falana said on Monday when he appeared on Channels TV’s breakfast show, ‘Sunrise Daily’, to discuss issues of corruption in the Nigerian system.

RELATED

Xs.com Review: Reliable & Regulated Broker Or Risky Choice?

Xs.com Review: Reliable & Regulated Broker Or Risky Choice?

7 hours ago
Maltina Rolls Out New Pet Bottles, Pledges To Nourish 1m Students

Maltina Rolls Out New Pet Bottles, Pledges To Nourish 1m Students

11 hours ago
ADVERTISEMENT

 

Recall that the CBN had said it redesigned the higher denomination of banknotes to check counterfeit and vote buying during the 2023 general election.

 

ADVERTISEMENT

The situation put the country in currency strain before and during the elections.

 

Falana said during the currency scarcity period when some people collapsed and others died while on queues to get cash at various banks, with some banks attacked and burnt by frustrated bank customers, the CBN failed to show sympathy with Nigerians.


Join Our WhatsApp Channel

Nigerians can now earn US Dollars monthly by acquiring domains cheaply and reselling for profits up to $18,000 (nearly ₦30Million). Beneficiaries include professionals, entrepreneurs, civil servants and more. Click here to start.


SendShare10414Tweet6509Share
ADVERTISEMENT
Previous Post

Senate Moves To Resuscitate Kaztec Engineering Facility

Next Post

Onome Ebi Unveiled As Naija Ratels’ Player, Gets Choice Land In Abuja

Mark Itsibor

Mark Itsibor

Mark Itsibor is a journalist and communication specialist with 10 years of experience, He is currently Chief Correspondent at LEADERSHIP Media Group and writes on Finance, Economy, Politics, Crime, and Judiciary. He has a B.Sc in Political Science, Post Graduate Diploma in Journalism (Print), and B.A in Development Communication. His Twitter handle is @Itsibor_M

You May Like

Xs.com Review: Reliable & Regulated Broker Or Risky Choice?
Business

Xs.com Review: Reliable & Regulated Broker Or Risky Choice?

2025/08/29
Maltina Rolls Out New Pet Bottles, Pledges To Nourish 1m Students
Business

Maltina Rolls Out New Pet Bottles, Pledges To Nourish 1m Students

2025/08/29
currency exchange process
Business

How To Calculate Pips In Forex And Other Important Tips For Traders

2025/08/29
Fitch Upgrades Afreximbank To ‘BBB’
Business

Japan Agency Rating Reinforces Afreximbank’s Credibility, Says Denya

2025/08/29
BREAKING: Emirates Airlines Resumes Flights To Nigeria October 1
Business

Emirates Airline To Participate In Africa Tourism, Creative Economy Expo

2025/08/29
Tinubu Names Abubakar Dantosho MD Of NPA
Business

NSC Boss Lauds Dantsoho On Election As IAPH Vice President

2025/08/29
Leadership Conference advertisement

LATEST

Rules Or Repression? Inside Nigeria’s University Dress Code Crisis

University Lecturers Are Neck-deep In Loans – ASUU Chair

We’re Running Out Of Patience – ASUU Tells FG

Thai Court Removes PM Over Leaked Phone Call

Troops Rescue 117 Hostages, Arrest 150 Terrorists In 1 Week-DHQ

Visa Restrictions Retarding Quest For US Travel

Lecturers Seek University-based Pension Scheme

Minister Defends Price Hike, Says Ugandan Woman Purchased Nigerian Passport With $1,000

Lawmakers, Govt Officials Shun Igbo Unification Movement

Polytechnic Workers Give FG 21-Day Strike Notice Over Salary Arrears

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.