The Central Bank of Nigeria through The Delta State Branch Controller of CBN, Mr Godwin Okafor, have said paper currency will soon be out of circulation. This he said during the market sensitisation at the Ogbogonogo market, where he urged market men and women to embrace e-Naira.
He said, “We are here at the market today to sensitise the market people to the use of e-Naira. It is fully backed by CBN unlike the Bitcoin that has no legal backing.”
Also speaking, CBN’s consultant on e-Naira, Dr Aminu Bizi, said “We are here to sensitize market men and women shop to shop on the use of e-Naira. CBN has gone behind ATM, POS, therefore, we are going to meet the Okada/tricycle union on this policy.
Dr Aminu also noted that CBN experienced a lot of lose in printing money as a result of peoples abuse of the currency in the market, spraying at occasion, payment of okada/tricycle and others.