As we earlier reported, seems voice of the people is really making an effect.

The lawmakers in Abuja National Assembly have said that the CBN Governor, Lamido Sanusi Lamido, should put a hold on the new N5000 note for now so that they can look into its analysis critically.

The Senate today (Monday) overruled the Central Bank of Nigeria (CBN) and Governor Sanusi Lamido Sanusi on its planned new currency policy and directed the apex bank to stop plans to introduce a single N5000 note with immediate effect.

The Senate also warned that no such policy that has far reaching implication on the people must be embarked on without the knowledge of the Senate and other stakeholders adding that “until this is done the CBN must stop action.”

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