Tuesday, September 18, 2012

House of Rep orders CBN to halt N5000 note introduction

The House of Representatives has ordered the Central Bank of Nigeria, CBN, to shelve its plans to print the N5, 000 notes.

 The House gave the directive at its plenary sitting on Tuesday (today, 18th Sept) after weeks of recess.

Ongoing debates on the floor of the Senate show that the Senate may arrive at a similar resolution.

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