The House of Representatives has urged the Central Bank of Nigeria, CBN, to urgently withdraw and destroy mutilated naira notes in circulation.
The house also charged the National Orientation Agency to carry out sustained public enlightenment to educate Nigerians on the need to handle the naira notes with care.
The resolutions followed a motion by Hon. Adekola Alexander
Moving the motion, he said that the alarming rate of mutilated currency notes in circulation had become a national embarrassment.
He added that banks were issuing torn, mutilated and unhygienic currency notes through ATM machines and across the counter.
The motion was unanimously adopted by members when it was put to a voice vote by the Speaker, Yakubu Dogara.
The house, therefore, mandated the Committee on Banking and Currency to conduct an investigation into the activities of the cartel by beaming searchlight on the CBN, commercial banks and other allied institutions.
The committee was given six weeks to carry out the assignment.
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