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Central Bank of Nigeria Currency Museum

The Currency Museum of the Central Bank of Nigeria (CBN), was commissioned on Wednesday, 6 May 2009 by the Senate President of the Federal Republic of Nigeria, Senator David Mark, GCON as part of the activities marking the 50th Anniversary of the Bank. It is situated at the Head Office of the CBN, Abuja which is located at the Central Business District of Abuja, opposite the National Ecumenical Centre. The CBN is also approximately 2km from the Central Mosque.


The permanent exhibition is themed, “The Evolution of Money” and it traces the history of money from the pre-coinage era to contemporary times. The collection is made up of objects used as money in various parts of West Africa and Nigeria in particular, from the Nok culture of 500BC to the banknotes and coins of modern day banking.


The Museum presents programs for students and the general public along the lines of Nigeria’s monetary and economic heritage and the Bank’s role in fostering economic stability.


The temporary exhibitions are subject to change, with each depicting different initiatives of the Central Bank of Nigeria in its quest to serve the public with excellence. The website updates the public on the security features of the banknotes in circulation. The temporary exhibitions cover “Counterfeit Money: Who Pays” and Non-Interest Banking in Nigeria. The Museum constantly updates the public on other economic financial issues as the need arise.


History

In 2008, a committee was formed comprising professionals from various departments of the Bank to set up the Currency Museum under the leadership of the erstwhile Director of Currency and Branch Operations Department, Mr. Ben C. Onyido. Consultants were drawn from the National Commission for Museums and Monuments (NCMM) under the Directorship of Mr. Nath Mayo Adediran (rtd), Art Professors from the Ahmadu Bello University, Zaria, Curator of the Bank of England Currency Museum, Mr. John Keyworth and an exhibition specialist, Mr. Nigel Tudman.


Professional Affiliations

In a bid to keep up with other museum professionals and foster expertise, the staff of the Currency Museum maintain cordial relationship with the National Commission for Museums and Monuments (NCMM), as well as membership with international museum bodies like the International Council of Museums (ICOM) with headquarters in Paris, France; the International Council of African Museums (AFRICOM), with headquarters in Kenya and the American Alliance of Museums (AAM) with headquarters in Washington D.C.