The CBN governor, meanwhile, refuted claims that the early introduction of new notes is a strategy to target any Nigerian at a briefing held following the event before the Federal Executive Council meeting.
There is no need to spread such information, Mr. Emefiele pleaded with the populace.
According to him, the CBN will intensify the monitoring process and interrogate the process of withdrawals.
He maintained that there will be heavy restriction on the volume of cash that people can withdraw over the counter, as it works with the EFCC to monitor the purpose of any heavy transactions.
“This move is to enable the Central Bank of Nigeria have control over the size of money in circulation
“There is no need to think that the programme is targeted at anyone. During my speech at the unveiling, I said that plans for this started early in the year. We considered the pros and cons carefully.
However, many Nigerians have taken a swipe on the new currency notes.