Senate Committee Directs CBN To Suspend Introduction Of N5,000 Note-PUNCH Newspaper

Punch Newspapers, Lagos
The Senate Committee on Banking, Insurance and other Financial Institutions on Monday directed the Central Bank of Nigeria to suspend the introduction of  N5,000 note until the Senate was properly briefed.
The Chairman of the committee, Senator Bassey Otu  (PDP- Cross River) issued the directive while speaking to newsmen in Abuja, the News Agency of Nigeria reports.
Otu noted that the re-denomination of the currency required the approval of the National Assembly, warning that the CBN must avoid sending the wrong signals to stakeholders in the economy.
He said it was vital for the CBN to discuss the implications of the

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