The Senate has urged the Central Bank of Nigeria, CBN, to extend the withdrawal date of the old naira notes from Jan. 31 to July 31.
The senate’s resolutions were sequel to a motion by Sen. Sadiq Suleiman (APC-Kwara) during Tuesday’s plenary.
Moving the motion, Suleiman recalled that the Senate in it’s resolution on Dec. 28, 2022, urged the CBN to extend the use of the old notes from Jan. 31 to June 30.
He said that however, the apex bank had insisted on terminating the use of the old naira notes by end of Jan.
Mr Suleiman lamented that there was no enough new naira notes in circulation and as such, moved that the date should be extended to July 31.
