N5000 Naira Note Suspended Indefinitely

Executive arm of the government has directed the Central Bank of Nigeria to suspend the introduction of the proposed N5000 by next year indefinitely.  According to federal government, this is to engage the Nigerian public in more enlightenment about the benefits of the new note. I recall that the national assembly on resumption last Tuesday unanimously agreed that the new note should be suspended because of the unhealthy economic implications. But Minister of  information Labaran Maku however noted that the decision of the national assembly and precisely the senate is not binding since the central Bank of Nigeria is not responsible to the national assembly but to the executive arm that appointed them.  But deputy senate president was quick to add that any decision taken in the senate was well thought of and patriotic and should not be discarded any how.