Senate Begins Probe Of Redesigned Naira Notes

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Abuja, Nigeria – Mediaage NG News – The Nigerian Senate on Tuesday launched a fresh investigation into the printing of new naira notes produced by Nigerian Security Printing and Minting Company last year.

The Central Bank of Nigeria had said it redesigned all major naira notes, including N100, N200, N500 and N1,000 notes and will by December 2022 bring them into circulation.

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The move was initiated by Senator Adams Oshiomole (APC, Edo-North) a member of the committee, who demanded documents detailing the printing of the new notes.

“When coming to see us, you should come with documents related to the printing of new naira notes, Oshiomhole said.

“We need to see how much was printed, how much was spent printing the new naira notes”, he added.

It will be recalled that the CBN naira redesign and cashless policy created crisis in the country ahead of the general elections.

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