PRESIDENT JONATHAN MAY STOP THE INRODUCTION OF THE NEW N5,000 NOTE

In a meeting between President Goodluck Jonathan, the President of the Senate, David Mark, and Tambuwal on Tuesday night at the Aso Rock villa, the President discussed the opposition of the National Assembly to the planned introduction of the N5000 note by the Central Bank of Nigeria. The  two leaders of the National Assembly explained to Jonathan why the proposed N5000 note was not necessary adding that they had a constitutional responsibility to protect the wishes of Nigerians, whose suffering would be worsened by the N5000 denomination.

There are indications that Jonathan will direct the Governor of the CBN, Mr. Lamido Sanusi, to stop the proposed policy, having heard the position of the National Assembly.