President Jonathan yesterday directed the Governor, Central Bank of Nigeria, Mallam Lamido Sanusi, to suspend the planned introduction of N5, 000 note.
This was disclosed by the Special Adviser to the President on Media, Dr. Reuben Abati to State House Correspondents in Abuja.
Report says the president had to suspend the plan for now to give room for more enlightenment and consultation.
The CBN Spokesman, Ugo Okoroafor, confirmed this in a statement yesterday; “The CBN hereby informs the general public that the President, on Thursday, September 20, 2012, directed that further action on the approved restructuring exercise be stopped.
“It is important to stress that till date, no contract whatsoever has been awarded by the CBN in connection with the printing and minting of the new currency notes and coins. Consequently, no currency note or coin has been printed or minted under the proposed exercise.”
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