CBN Governor, Mallam Lamido Sanusi Lamido
By Muhammad Bello
The suspension of the introduction of the N5,000 by the federal government has now been confirmed.
The Special Advise to the President on media and Publicity, Dr Reuben Abati gave the confirmation Thursday night on telephone when a question on the issue was put to him.
He explained that the apex government is stepping down the introduction of the N5,000 note by the Central Bank of Nigeria (CBN) in order to give the bank time to sale the idea to the public.
Dr Abati said: "The introduction is being suspended for now to enable the CBN do more enlightenment on the issue.
“Yes, President Jonathan has directed that the implementation of the new N5,000 note be suspended for now. This is to enable the apex bank to do more in terms of enabling Nigerians understand why it proposed it in the first place. So, for now, the full implementation is on hold."