The House of Representatives has asked the Central Bank of Nigeria, CBN, to make available more new notes of two hundred naira, five hundred naira, and one thousand naira as well as begin a gradual withdrawal of the old notes from circulation.
The House also asked the CBN to direct commercial banks to issue more new notes to customers and engage in gradual mopping up of the old notes.
In a resolution following a motion of urgent national importance by Adam Victor Ogene, the House said the CBN should kick-start awareness programmes for Nigerians to be aware and prepare for the deadline of December thirty-first, twenty twenty-four.
Leading the debate on the motion, Ogene recalled the hardship, frustration, controversy and chaotic situation occasioned by the Central Bank of Nigeria (CBN) change of currency in twenty twenty-three, that affected validity of the old Naira notes at the time that resulted in litigations.
He expressed concerns the CBN has not shown any sign of sensitisation or kick-started any awareness programme to remind Nigerians about this important economic policy in order to make them prepare for the deadline.