The CBN, in a statement on Thursday,
also confirmed that it had received a
presidential directive to stop action on
the currency restructuring plan.
The statement by the apex bank’s
spokesperson, Ugo Okoroafor, reads,
“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.”
The planned introduction of the note
had attracted a huge outcry in the
public domain. Those against the move
had hinged their position on the fact
that it could worsen inflation in the
country.
They also said it was contrary to the
apex bank’s cash-less policy.
At resumption on Tuesday, both arms
of the National Assembly passed
resolutions asking the CBN not to go
ahead with the plan. But the Minister
of Information, Mr. Labaran Maku,
said that the resolutions are advisory.
Jonathan was said to have expressed
his readiness to halt the process when
he met with the President of the
Senate, Mr. David Mark, and Speaker,
House of Representatives, Mr. Aminu
Tambuwwal, on Tuesday.

[color=][/color]Since you have stopped #5000 note, maybe, introducing #5000 coin will do na ;DSince you have stopped #5000 note, maybe, introducing #5000 coin will do na

Why not sack the clueless mallam join?