In a bid to address the ongoing debate that is trailing the announcement of a N5, 000 note into the Nigerian financial system, the house of representatives has summoned the management of the Central Bank of Nigeria to defend the introduction of the new note.
The Chairman, House Committee on Banking and Currency, Chukwudi Onyereri, speaking in Abuja, said the committee is not clear how the new note will affect government’s cashless policy.
The lawmaker said the committee will meet with the apex bank to ensure that due process is followed and that the interest of the ordinary Nigerian is protected.
The chairman said the committee will take a position on the policy after a full briefing by the central bank.
