The Ad hoc Committee of the House of Representatives looking into the recall of old Naira notes has rejected the 10-day extension granted by the Central Bank of Nigeria, CBN. The Chairman of the Committee, Alhassan Ado Doguwa, described the new deadline of 10 February as a political gimmick. He urged the CBN Governor, Godwin Emefiele to comply with section 20 of the CBN Act or risk a warrant of arrest. But despite scarcity of the new naira notes, some currency traders get them from the source to sell to party goers.
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