GEJ may halt the introduction of N5,000 notes

President Goodluck Jonathan has agreed to put on hold the plan to introduce the 5000 naira note.
The President met with the leadership of the National Assembly after the sessions of the Senate and House of Representatives on Tuesday and the vexed issue of N5000, which the Central Bank of Nigeria (CBN) intended to unveil next year was one of the top issues on the agenda.
Sources said that Jonathan told the lawmakers that approval given on the N5000 note could be reversed if it was the wish of the people.
However, it was not immediately known if the President had directed the CBN to suspend action on the currency restructuring. It remains unclear whether the president has issued a directive to that effect.

THE SUN

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