JONATHAN ORDERS SANUSI TO SUSPEND INTRODUCTION OF SINGLE N5,000 NOTE

President Goodluck Jonathan on Thursday has directed the Governor, Central Bank of Nigeria, Mallam Lamido Sanusi, to suspend the planned introduction of N5,000 note based on the need for "enlightenment and consultation". The Special Adviser to the President on Media, Dr. Reuben Abati, disclosed the development to State House correspondents in Abuja.

The Central Bank of Nigeria, in a statement on Thursday, has 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".

For once the voice of Nigerians prevailed!