The low supply of new naira notes at various commercial banks has propelled the House of Representatives to direct the Nigeria Police and the State Security Service (SSS) to commence the arrest of peddlers of the new notes.
The lower chamber also called on the Central Bank of Nigeria (CBN) yesterday to work on a periodic replacement of old and mutilated naira notes, urging it to investigate its staff against the alleged practice of "bribe-for-new-naira-notes."
The lower chamber also called on the Central Bank of Nigeria (CBN) yesterday to work on a periodic replacement of old and mutilated naira notes, urging it to investigate its staff against the alleged practice of "bribe-for-new-naira-notes."