The Senate on Tuesday appealed to the Central Bank of Nigeria to extend the deadline for the exchange of old naira notes from the January 31 deadline to July 31, 2023.
However, the insistence of the CBN on no reversal on the set deadline instigated Senator Sadiq Umar, to move a motion on the floor of the Red Chamber on Tuesday where he demanded an extension to July 31.
Most senators who contributed to the debate overwhelmingly embraced the extension, citing scarcity of new notes both in the banks and at the various Automated Teller Machine points across the country. The President of the Senate, Ahmad Lawan, put the prayers in the motion to vote and the lawmakers voted in support of the extension of the deadline from January 31 to July 31.All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH.
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