The Miyetti Allah Cattle Breeders Association of Nigeria, MACBAN, has requested that the Central Bank of Nigeria, CBN, extend the deadline for the distribution of the redesigned naira notes.
Gidado Siddiki, the leader of the South-East association, requested the CBN to prolong the deadline by three months.
Siddiki stated that the extension would give MACBAN members more time to deposit funds in banks.
Siddiki stated yesterday in Awka, Anambra State, that most herders do not save their money in banks, thus the need for time.
He revealed that most herders keep their money with them in the forest.
“As law abiding Nigerians, we cannot fight or overturn the government policy; all we can do is ask the CBN to assist us in extending the deadline for the next three months.”
“This will allow Miyetti Allah’s leadership to properly reach out to those living in out-of communication areas across the federation,” he said.
The redesigned naira notes will be in circulation on December 15, 2022, according to the apex bank.
Naira notes affected are the N100, N200, N500, and N1000 denominations.