The Senate has told the Central Bank of Nigeria (CBN) to urgently extend the withdrawal date of old currency notes from Jan. 31, 2023, to June 31.
The upper chamber’s resolution was sequel to a point of order raised by Sen. Mohammed Ndume (APC-Borno) during Wednesday’s plenary.
CBN had on Oct. 26, announced plans to redesign the 200, 500, and 1,000 naira notes.