The Central Bank of Nigeria (CBN) has announced its plan to redesign some naira notes.

The CBN Governor, Godwin Emefiele, who disclosed this while addressing journalists on Wednesday, said the new design and issues will be effective from December 2022.

Emefiele also advised Nigerians to take old notes to banks for the new notes.

According to Emefiele, the new notes include N200, N500 and N1000.

The CBN under Emefiele had been lately accused of corruption, policy somersault and failure to address the most fundamental fiscal challenges of the country.