The ABUJA-Senate decided on Tuesday to provide legislative support for the new Central Bank of Nigeria (CBN) policy to redefine the Nigerian naira.
The Senate has authorized as the Committee on Banking, Insurance and Other Financial Institutions to exercise active oversight to ensure that Nigerians are properly protected from CBNs, banks and other agencies involved. participate in this process.
The Senate resolutions follow a policy petition by the Chairman of the Senate Committee on Banking, Insurance and Other Financial Institutions, Senator Uba Sani, APC, Kaduna Central.
The Senate has called on Nigerians and the public to comply with the directive of the Central Bank of Nigeria on depositing cash assets in their respective commercial banks, as well as calling on the Senate to support the decision of the Bank of Nigeria. CBN account for the aforementioned benefits of monetary reform for the country.
Credit : vanguardngr
