Buhari Breaks Silence On Approval Of New Naira Notes

President Muhammadu Buhari has finally broken his silence about the approval of the new naira note that has caused controversies between the Central Bank of Nigeria (CBN) and the Ministry of Finance, Budget and National Planning.

According to Buhari, the CBN had his backing on the decision to introduce new naira notes, adding that he approved the policy because he was sure it is in the national interest.

President in a statement by his Senior Special Assistant on Media and Publicity, Mallam Garba Shehu, noted that the only people the policy will affect are those hiding illicit money, not people with legitimate businesses.

Recall that the Minister of Finance, Budget and National Planning, Amina Ahmed disclosed last Friday that she and her ministry were not consulted or had prior information about the redesigning of the N200, N500 and N1000 notes.