The Senate and the House of Representatives has again called for the extension of the deadline set by the Central Bank of Nigeria (CBN) as the expiration date for the old N200, N500 and N1000 notes.

Our Correspondent, Raliat Adenekan and Nathan Williams reports that the 2 legislative chambers of the national assembly urged President Muhammadu Buhari to intervene and prevail on the apex bank to extend the deadline by 6 months.

The Senate following a motion moved by Senator representing Kwara North, Senator Suleiman Sodiq, posited that the new notes were not enough in circulation while giving a warning of imminent chaos should the deadline was not extended.

The Green chamber reached the conclusion after a motion moved by Sada Soli, who noted that the policy must not be overbearing on Nigerians if it is going to be successful.

Meanwhile, the House has set up an adhoc committee to meet with the managing directors of commercial banks and the CBN Governor, Godwin Emefiele over complaints of shortage of the new notes.