Launching N5000 note can’t work with the cashless policy- Analyst
Mr. Zik Obi a capital market analyst and legal practitioner has described the cashless policy and the proposed N5000 note as ‘coming at a very wrong time’.
According to the him, it is very wrong to launch the two polices without any sensitization of any kind.
He urge the Central Bank of Nigeria (CBN) to suspend the proposed introduction of N5000 note.
Mr. Zik decried the failure of the apex bank to work with the National Assembly on the N5000 note proposal and warned there’s a lot of problems economically which remain unsolved for CBN than to bother Nigerians with the introduction of new N500o note.