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General News of Monday, 13 February 2023


Again, Buhari meets Emefiele in Aso Rock, details emerge

President Muhammadu Buhari and Godwin  Emefiele President Muhammadu Buhari and Godwin Emefiele

President Muhammadu Buhari has received Godwin Emefiele, the governor of the Central Bank of Nigeria (CBN) at the presidential villa in Abuja.

The apex bank governor met with the President at a closed door for the third time since the escalation of the cash crisis across the country, The Nation reported.

However, Emefiele did not speak with journalists after he met with Buhari.

The purpose of the meeting is not known but it is believed that it is unconnected to the naira scarcity problem currently bedevilling the country.

There has been tension in the country since the apex bank unveiled the new naira notes in November 2022 and announced that the old N200, N500 and N1000 notes would no longer be legal tender on January 31.

The situation became tense, and many found means to return their money to the banks, even the unbanks, but they could not get the new notes to replace the old ones saved in the banks.

The President then extended the deadline by 10 days while some governors challenged the policy at the supreme court.

Despite the supreme court injunction on the further implementation of the policy, Nigerians could not access their monies, banks closed many of their branches over protesters' attacks as they did not have the new notes to give to their customers.