The House of Representatives has ordered the Central Bank of Nigeria to shelve its plans to print the N5, 000 notes.
The House gave the directive at its plenary sitting on Tuesday after weeks of recess. Ongoing debates on the floor of the Senate shows that the Senate may arrive at a similar resolution.
The lower chamber also directed the President to remove Aruma Oteh, the Director General of The Security and Exchange Commission, SEC, who was initially suspended and later re-instated by President Goodluck Jonathan.
The house in its resolution asked the President to implement its recommendations following the report of a committee that probed the capital market.
One of the recommendations was the removal of Ms. Oteh who was indicted by the committee of malpractices.
Should President Jonathan fail to remove Ms. Oteh, the House said it will henceforth stop dealing with her as the SEC DG.
More details later…
Support PREMIUM TIMES' journalism of integrity and credibility
Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.
For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour.
By contributing to PREMIUM TIMES, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.
TEXT AD: To advertise here . Call Willie +2347088095401...
JOIN THE CONVERSATION