Information emerging from the Special Adviser to the President on Media, Dr. Reuben Abati, reveals that President Goodluck Jonathan has finally bowed to pressure and directed the Governor of the Central Bank of Nigeria (CBN), Mallam Lamido Sanusi, to suspend the planned introduction of N5, 000 note.
Dr. Reuben Abati, while speaking with journalists in Abuja said that the president is taking this step in order to make further consultations. In the words of Abati, “The introduction of the new note is being suspended for now to enable the CBN do more enlightenment on the issue. Yes, President Jonathan has directed that the implementation of the new N5,000 note be suspended for now… This is to enable the apex bank to do more in terms of enabling Nigerians understand why it proposed it in the first place. So, for now, the full implementation is on hold.”
In confirmation of this development, the CBN has also made an official statement on the request of the president. According to the apex bank’s spokesperson, Ugo Okoroafor, “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.”
The CBN further cleared the air on the suspicions that the new notes are already printed and have been shipped into the country in preparation for circulation. The statement continues:
“It is important to stress that till date, no contract whatsoever has been awarded by the CBN in connection with the printing and minting of the new currency notes and coins. Consequently, no currency note or coin has been printed or minted under the proposed exercise.”
President Jo,though am not your fan but it is a good news to hear that you have directed that stupid Sanusi ro suspend it…..Seriously it is a misplaced priority.There are other issues on ground that need urgent attentions.
our prayerz for nigeria nd nigerians is may almighty allah bring som1 wu wil change dis country into a better place for oll.we av d resources both human nd natural bt due to nigeria situatn we r xperiencin brain drain wich is nt suppose to be so pls nigerians pray pray pray cuz prayerz is d key to any success in life nd hereafter,nd d prayerz should hav sincerity in it.
For u ppl who does not understand english
The president suspends it but did not bownd it. B4 u guys starts congratulating him,ask if atm gives coin and who is going to carring coins on streets of thieves in nigeria talk of travelling.So which means pure water will be sold at #200 if from #100 should be turnd to coins.
If am to b selling pure water,which one is more heavier coins or water.
Infact Jonathan is beating around the bush. Does it mean that they removed subsidy inother to kill the poor or to transform nigeria.
Better still y did’nt they inform the public b4 going to print and mint the new currencies?
Which of the government personel will make heaven?