Exclusive reports reaching us say President Goodluck Jonathan has officially green-lit a plan to introduce N5,000 currency note in Nigeria.
A trustworthy source from Mr. Jonathan’s administration disclosed the policy reversal in a telephone conversation.
It would be recalled that President's earlier approval of the plan to introduce the N5,000, suggested by Governor Lamido Sanusi of the Central Bank of Nigeria, had triggered criticism, condemnation and even some street protests. However, the policy was merely being suspended, not abandoned.
