Amid controversy over the plan to redesign Naira, the Central Bank of Nigeria (CBN) has said it followed due process as far as the process of three series of the naira is concerned.Informaion Guide Nigeria
Daily Trust reports that the spokesman of the apex bank, Osita Nwanisobi, said this while responding to the minister of finance, budget and national planning, Zainab Ahmed, who said her ministry was not carried along.
Legit.ng gathered that while appearing before a Senate committee on Friday, October 28, the minister had faulted the process, which she described as ill-timed.
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Speaking on the issue, Nwanisobi expressed surprise at the minister’s claim, stressing that the CBN remains a very thorough institution.
He said the management of the CBN, in line with provisions of section 2(b), section 18(a), and section 19(a)(b) of the CBN Act 2007, had duly sought and obtained the approval of President Muhammadu Buhari in writing to redesign, produce, release and circulate new series of N200, N500, and N1,000 banknotes.
Nwanisobi, however, charged Nigerians to support the currency redesign project, saying that it was in the overall interest of Nigerians, reiterating that some persons were hoarding significant sums of banknotes outside the vaults of commercial banks.Jamb Result
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