By Anita
Nollywood actress, Kate Henshaw, has expressed concern about the Central Bank of Nigeria (CBN) sudden decision to redesign some naira notes, referring to it as unnecessary at the time.
According to a report, CBN Governor Godwin Emefiele said President Muhammadu Buhari had authorized the redesign, production, and circulation of new N200, N500, and N1,000 notes.
He also urged Deposit Money Banks (DMB) to “begin returning these notes back to the CBN effective immediately” if they still hold any existing currency denominations.
Actress Kate Henshaw reacted by criticizing this development, pointing out that there are other urgent concerns that the nation needs to solve right away, she said;
“Nigeria to redesign in the midst of all that is going on, in the thick of elections, floods, insecurity etc. It is redesigning of the Naira and giving us just weeks for this to happen!! The Nigeria I know, some traders will soon stop receiving the current currency”
Kate also expressed sympathy for residents of rural communities. She added;
“The queues will be a nightmare!! Quote me…What of those in the rural areas who handle mostly cash & have to travel miles to the nearest bank? Why not phase it out gradually? I don’t get it!!”
