The house of representatives has
asked the Central Bank of Nigeria (CBN) to commence the immediate withdrawal of
all mutilated naira notes from all banks.
The house urged the apex bank to
replace the mutilated notes — particularly the N100 note — with new ones.
The house also mandated the
committee on banking and currency to investigate the black-marketing of mint
naira notes on the streets.
The resolutions were sequel to a
motion on the need to investigate the sales of the mint naira notes and sources
of black-marketing of the naira introduced during Wednesday plenary by Adekoya
Abdel-Majid from Ogun state.
The lawmaker said the naira now
appears in “inglorious” forms and “with odours that can be dangerous to human
health.”
He said the naira notes in
circulation, especially N100, are “badly torn, terribly squeezed, soiled, cello
taped, dirty and mutilated”, especially the N100 notes.
“Considering that bacteria
naturally breed and live in dirty environments and objects, dirty naira notes
could pose serious health risks as they have been found to contain pathogenic
parasites and bacteria,” he added.
“These notes could be sources of
infection as well as potential carriers of communicable diseases.
“When they (the naira notes) stay
longer in circulation, they gather dirt from one hand to the other.”
The lawmaker added that except
for 1000 and 500 naira notes, other notes are rarely paid to people in banks
but they are available in black markets.
The house also mandated its
committees on legislative compliance as well as banking and currency to ensure
strict compliance of the directives.
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