Saturday, September 22, 2012

Finally, Proposed N5000 Note Dead, And Laid To Rest


Following the decision of the National Assembly and President Goodluck Jonathan at a meeting held in Abuja, the Central Bank of Nigeria (CBN) has finally halted its plan to introduce N5000 currency note in the country.
President Jonathan had agreed with the resolution of both chambers of the National Assembly to put the controversial currency restructuring on hold, saying the approval given for it could be reversed, if it was the wish of Nigerians.
The CBN, in a statement last night in a statement signed by its Director of Corporate Communications, Ugo Okoroafor , announced it was stopping the exercise in compliance with a presidential directive.
At least, Mr president and our law makers seem to agree with the populace for once on something.

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