Meanwhile, iexclusivenews reports that during a press conference following the ceremony before the Federal Executive Council meeting, the CBN governor refuted claims that the early release of fresh notes is a strategy to target any Nigerian.

Emefiele appealed to the people, saying there was no need to keep such information going.

He stated that there will be strict limitations on the amount of cash that clients may withdraw over the counter since the bank works with the EFCC to monitor the purpose of any significant transactions.

Following the release of the new note, which went into circulation today, the CBN governor stated that the CBN is now more dedicated than ever to making Nigeria a cashless economy, as it is in other parts of the world.

Updated] Buhari unveils new Naira notes - Vanguard News