The ad-hoc committee of the House of Representatives making intervention over the deadline set by the Central Bank of Nigeria (CBN) for the exchange of old naira notes for the redesigned, has warned the apex bank against failing to appear before it this afternoon.
The apex bank had set a January 31, 2023 deadline for the old N200, N500 and N1,000 currency notes to cease to be legal tender in the country, prompting a public outcry as the date draws to a close.
The committee which was set up on Tuesday under the chairmanship of the Majority Leader, Hon. Alhassan Ado Doguwa, had invited the CBN management for a meeting over the concerns and the possibility of extension on Tuesday, and chief executives of commercial banks for Thursday, but the apex bank explained that it got the communication late, and so could not act on it.
“Based on the communication I just received from the CBN, our own communication got to the CBN very late, so the liaison officer spoke to us, saying they are not able to act on the letter, so we’ve conceded to allow them come tomorrow (Thursday) at 1pm,” Doguwa said.
The lawmaker warned however that on no account should the CBN team not appear before the panel as rescheduled, especially that the matter in question was capable of negatively affecting the Nigerian economy.
New notes swap: Reps serve fresh warning to CBN
