The House of Representatives and the Senate in separate resolutions on Tuesday asked the CBN to extend the deadline till 31 July.The decision of the House to ask for the extension followed a motion of urgent public importance moved by Sada Soli during plenary.
“Despite several concerns and appeals by the National Assembly, the Governors Forum, the Bank Customers Association of Nigeria, and a host of other stakeholders in the country for the CBN to extend the period for the currency swap of the new Naira notes as well as review of the cashless policy, the CBN has remained adamant on the given deadline,” he said.
“I just came back from my constituency yesterday, I want to use this opportunity to commend the CBN for taking certain steps to address this issue in my constituency. As I am talking to you, CBN staff have been in my constituency since yesterday. They went there with some amount to swap the little currency with people. It is a very good move but I also realised that the amount taken there is not enough to swap the available old currency.
“We can all agree that it is a good policy. There is a need to review the policy. I think we need to add another prayer because on one hand—this is the crux of the matter, the banks are saying they don’t have the money, on the other hand, CBN is saying, no, you have the money.
They will be quick to pass this wan, because they are involved .
Where was NASS when the Nigerian economy was being messed? Nigerians are not with them. We love this particular CBN policy. They should not talk for us.
The bank must bow to the pples demand
Thieves... no way
Ment
cenbank ISN'T THIS WHAT WE ENVISAGED
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