Monday, May 29, 2017
Nigeria Central Bank of Nigeria set to introduce 5000 naira note
Nigeria Central Bank of Nigeria set to introduce 5000 naira note
The Central Bank of Nigeria announced this evening that it will introduce N5, 000 notes into the system. Contrary to speculations that CBN planned to use Nigeria’s late former president, Umar Musa Yar’adua’s picture on the note, it has now been announced that the faces of three late prominent Nigerian female activists will be used on the new notes which will be launched next year.
The women are:
1. Margaret Ekpo: late politician and social mobilizer (1914 – 2006)
2. Hajia Gambo Sawaba: late politician and activist (1933 – 2001)
3. Funmilayo Kuti: lte politician and women’s right activist (1900 -1978)
They also plan to convert the N5, N10 and N20 notes to coins next year .
Do you think this is a good idea?
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