There was a rowdy session in the Senate after Senator Uba Sani, Chairman of Senate Committee on Banking, Insurance & other financial institutions moved a motion on Naira redesign policy.
Recall that on October 26, CBN announced the redesign of N1000, N500 and N200 notes.
Matters became controversial when suggestions were made to extend the deadline for compliance from December 31st, 2022 to April 30th, 2023.
Senator Olujimi said one and a half month was too short to withdraw all the money in circulation to avoid shutting down the economy.
She said the Senate should invite the CBN Governor for further explanation on the issue.
But Senator Gabriel Suswan disagreed saying the CBN Governor has always failed to honor Senate invitations.
Senator Bassey Akpan stressed the need to support the CBN Governor saying there should be no discussion on the matter.
This led to a rowdy session after Senator Akpan’s submission didn’t go down well with the lawmakers.
It took the persistent appeals of Deputy Senate President, Ovie Omo-Agege who Presided over the plenary to restore normalcy after ten minutes of heated argument.