'CONFERENCE HALL'- SENATORS COMPLAIN OVER POOR QUALITY OF RECONSTRUCTED SENATE CHAMBER. (PHOTO).

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 ‘Conference Hall’ – Senators complain over poor quality of reconstructed Senate Chamber Senators on Tuesday expressed anger over the condition of the reconstructed Chamber, which they described as a ‘mere conference room’. Controversy has trailed the refurbished Senate Chambers since plenary resumed in the facility last week. Last Tuesday’s plenary was trailed by confusion as some Senators quarreled over sitting arrangements in the renovated chamber. During plenary on Tuesday, complaints over the standard of the Chambers led to a rowdy session which lasted for about 15 minutes and eventually forced the Senate into executive session. The Chief Whip of the Senate and lawmaker representing Borno South, Ali Ndume, who raised the issues through Order 42 of the Senate Standing Rules, said, “What is supposed to be a Chamber, has been turned into a Conference Hall”, a development which he said is not acceptable. “Mr President, I rise to make disturbing observations on this supposedly renovate
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NO PLAN TO PHASE OUT NEW BANKNOTES- CBN.(PHOTO).#PRESS RELEASE.

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'No Plan To Phase Out New Banknotes’ - CBN

Central Bank of Nigeria (CBN) says it has no plan to phase out the newly redesigned banknotes as more of the banknotes will be in circulation soon.

The Apex Bank was reacting to recent news making rounds that the newly designed notes will be phased out soon.

In a statement, CBN’s Acting Director of Corporate Communications, Isa AbduMumimas described the reports as baseless and an attempt by some persons to cause panic amongst Nigerians.

The Apex bank said the old and newly redesigned notes would be in circulation side by side.

“We wish to reiterate that the new and old currency notes have been circulating side by side just as the Bank has been taking delivery of a good quantity of the redesigned bank notes from the Nigerian Security Printing and Minting Company (NSPMC) Limited.” The bank stated.

CBN added that the old naira notes will continue to be accepted as legal tender till December 31, 2023 when the old N1000, N500 and N200 would have been phased out.


 

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