Naira Swap: Relief As Buhari Extends Deadline By 10 Days Business CoverStories
The chairman of the committee and House Leader, Hon Alhassan Ado Doguwa, insisted that the apex bank must comply with sections 20 sub- sections 3, 4, and 5 of the CBN Act.Doguwa in a statement said, “The 10-day extension for the exchange of the old naira notes is not the solution: We as a legislative committee with a constitutional mandate of the house, would only accept clear compliance with section 20 sub-sections 3, 4, and 5 of the CBN Act and nothing more.
The presidential campaign council of the All Progressives Congress has commended President Muhammadu Buhari and the Central Bank of Nigeria governor, Godwin Emefiele, for extending the deadline for the use of old naira notes.It particularly thanked the president for demonstrating statesmanship by approving the extension of the deadline by one week, saying it would avert the panic that would have followed.
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