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The Central Bank of Nigeria has responded to talks about the new naira notes being only redesigned in colour, stating that the change of ink “is in itself a security feature.” The CBN authorities also claimed that the bank had no luxury of time to execute a broad redesign, while claiming that it only wanted to tackle an identified problem. The CBN’s Director of Currency Operations, Ahmed Umar, said this at a three-day workshop organised by the Nigeria Deposit Insurance Corporation (NDIC).
The Central Bank of Nigeria (CBN) has responded to the criticism that its much-anticipated redesign of naira notes was nothing more than a cosmetic change