• About
  • Advertise
  • Contact
Saturday, June 21, 2025
  • Login
Vital News
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
Vital News
No Result
View All Result
Home National

House Of Reps Rejects CBN’s 10-day Extension For Exchange Of Old N200, N500, N1,0000 Notes

....says position of law sacrosanct, must be respected

Vital News by Vital News
January 29, 2023
in National, News
0
House Of Reps Rejects CBN’s 10-day Extension For Exchange Of Old N200, N500, N1,0000 Notes
Share on FacebookShare on Twitter

Abuja – The House of Representatives Adhoc Committee on new naira re-design and naira swap policy has rejected the ten- day extension granted by the Central Bank of Nigeria (CBN) for the exchange of old naira notes.

The CBN had earlier fixed January 31st as the deadline for the exchange of the old naira notes; N200, N500 and N1000 but decided to extend the deadline till February 10.

The CBN governor, Godwin Emefiele on Sunday, said President Muhammadu Buhari gave permission for the deadline to be extended to February 10.

In its swift reaction, the Adhoc Committee, under the Chairman of the leader of the House, Hon. Alhassan Ado Doguwa, rejected the extension.

He insisted that the CBN must comply with sections 20 sub 3, 4, and 5 of the CBN act.

RelatedStories

TRADITIONAL AND RELIGIOUS LEADERS ON POVERTY ALLEVIATION SYNDROME by Taiye Olaniyi

Atiku, el-Rufai Political Coalition Group Forms New Party, Seeks INEC Registration

Lagos Shuts Oko Oba Abattoir Over Poor Sanitary Condition, Waste Mismanagement

Aliko Dangote Foundation Donates 40,000 Bags Of Rice to PLWDs, Vulnerable In Ogun

Recall the House, during its sitting last Tuesday, following the outcry by Nigerians, constituted the ad hoc committee to look into the issue.

” The 10-day extension for the exchange of the old naira notes is not the solution.

“We as a legislative committee with a constitutional mandate of the house, would only accept clear compliance with section 20 sub 3, 4, and 5 of the CBN act and nothing more.

” Nigeria as a developing economy and a nascent democracy must respect the principle of the rule of law. And the House would go ahead to sign arrest warrant to compel the CBN Governor to appear before the Adhoc committee,” Doguwa said.

He said under his chairmanship, the committee would continue its work until it gets the demands of Nigerians addressed in accordance with the laws of the land.

Describing the extension as a mere political gimmick to further deceive Nigerians and worsen their economic and social livelihood, Doguwa said the CBN governor must appear before or stand the risk of being arrested on the strength of legislative writs signed by Hon. Speaker on Monday.

He also said the policy is
capable of frustrating the forthcoming general elections.

“Security agencies and their operations especially at the states level are generally funded through cash advances and direct table payments of allowances to operatives during elections,” he said. (vitalnewsngr.com)

.

Tags: deadlineexchangenotesOld
Previous Post

APC – PCC Accuses PDP Of Planning To Unleash Co-ordinated Fake News, Disinformation Against Tinubu

Next Post

Election Security : FG Approves N64bln For Police

Vital News

Vital News

RelatedStories

TRADITIONAL AND RELIGIOUS LEADERS ON POVERTY ALLEVIATION SYNDROME by Taiye Olaniyi
Opinion

TRADITIONAL AND RELIGIOUS LEADERS ON POVERTY ALLEVIATION SYNDROME by Taiye Olaniyi

June 20, 2025
Atiku, el-Rufai Political Coalition Group Forms New Party, Seeks INEC Registration
News

Atiku, el-Rufai Political Coalition Group Forms New Party, Seeks INEC Registration

June 20, 2025
Environment

Lagos Shuts Oko Oba Abattoir Over Poor Sanitary Condition, Waste Mismanagement

June 19, 2025
Aliko Dangote Foundation Donates 40,000 Bags Of Rice to PLWDs, Vulnerable In Ogun
News

Aliko Dangote Foundation Donates 40,000 Bags Of Rice to PLWDs, Vulnerable In Ogun

June 19, 2025
Oyo Community Leader, Alhaja Nusirat Kadewolu Adeyemi Dies At 98
Culture

Oyo Community Leader, Alhaja Nusirat Kadewolu Adeyemi Dies At 98

June 19, 2025
Next Post
Man Beats 22-Year-Old Girlfriend To Death In Bayelsa

Election Security : FG Approves N64bln For Police

NDLEA Busts Trans-border Cartel, Arrests 5 Kingpins

NDLEA Busts Trans-border Cartel, Arrests 5 Kingpins

Ondo Records 106 Cases Of Lassa Fever, 8 Deaths

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow Us

Recommended

INEC To Present Certificate Of Return To Senators-elect, House Of Reps Member-elect March 7, 8

INEC Suspends Adamawa REC

2 years ago
Muslim Cleric, Wife, 4 Others Arrested For Duping US-Based Nigerian Of N105mln

Muslim Cleric, Wife, 4 Others Arrested For Duping US-Based Nigerian Of N105mln

2 years ago
Mrs Tinubu Distances Self From Organising National Prayer Event

Mrs Tinubu Distances Self From Organising National Prayer Event

7 months ago
Lagos Establishes Task Force To Curb Street Beggin

Lagos Records 24,965 Cases Of Domestic, Sexual Violence In 6yrs – DSVA

10 months ago

Instagram

    Please install/update and activate JNews Instagram plugin.

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Transport
  • Uncategorized

Topics

Abiodun Abuja APC arrest Atiku Bandits Bello Benue Buhari CBN Court Dangote death dies drugs Economy EFCC Election elections FG gunmen Hajj INEC Kano kidnap Kill Kogi Kwara Lagos NDLEA Niger Nigeria Ododo Ogun Oyo PDP Police Power refinery rescue road Security students Tinubu Women
No Result
View All Result

Highlights

Aliko Dangote Foundation Donates 40,000 Bags Of Rice to PLWDs, Vulnerable In Ogun

Oyo Community Leader, Alhaja Nusirat Kadewolu Adeyemi Dies At 98

The Folly Of A War With Iran by Chris Hedges

Current Economic Hardship Should Not Be Blamed On President Tinubu – Sunday Babalola

At Real Estate Federation World Congress, Osinbajo, Sanwo-Olu Commend Housing Professionals

Advocate Urges FG To End Conflict-related Sexual Violence

Trending

TRADITIONAL AND RELIGIOUS LEADERS ON POVERTY ALLEVIATION SYNDROME by Taiye Olaniyi
Opinion

TRADITIONAL AND RELIGIOUS LEADERS ON POVERTY ALLEVIATION SYNDROME by Taiye Olaniyi

by Vital News
June 20, 2025
0

TRADITIONAL AND RELIGIOUS LEADERS ON POVERTY ALLEVIATION SYNDROME By Taiye Olaniyi The Yorubas are apt when they...

Atiku, el-Rufai Political Coalition Group Forms New Party, Seeks INEC Registration

Atiku, el-Rufai Political Coalition Group Forms New Party, Seeks INEC Registration

June 20, 2025

Lagos Shuts Oko Oba Abattoir Over Poor Sanitary Condition, Waste Mismanagement

June 19, 2025
Aliko Dangote Foundation Donates 40,000 Bags Of Rice to PLWDs, Vulnerable In Ogun

Aliko Dangote Foundation Donates 40,000 Bags Of Rice to PLWDs, Vulnerable In Ogun

June 19, 2025
Oyo Community Leader, Alhaja Nusirat Kadewolu Adeyemi Dies At 98

Oyo Community Leader, Alhaja Nusirat Kadewolu Adeyemi Dies At 98

June 19, 2025
ADVERTISEMENT
Vital News

Vital News is an online newspaper with a mission to uphold professional journalism by reporting and publishing only facts and figures-based news reports across Nigeria and beyond.

Recent News

  • TRADITIONAL AND RELIGIOUS LEADERS ON POVERTY ALLEVIATION SYNDROME by Taiye Olaniyi June 20, 2025
  • Atiku, el-Rufai Political Coalition Group Forms New Party, Seeks INEC Registration June 20, 2025
  • Lagos Shuts Oko Oba Abattoir Over Poor Sanitary Condition, Waste Mismanagement June 19, 2025

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Transport
  • Uncategorized

© 2022 Vital News - . All Rights Reserved.

No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security

© 2022 Vital News - Vital News by Vital News.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In