 It has reserved to provide legislative support for the policy of the central bank of Nigeria to redesign the Naira. The upper chamber made this resolution after a heated debate and a motion moved by Senator Ubasani on CBRIN's policy to redesign the three Naira nodes. Majority of the Senators across party lines supported the redesign of the Naira but suggested the extension of the deadline for compliance and wanted the Senate to invite the governor of the CBR to throw more light on the policy. But Senator Gabriel Suswa disagreed with other senators claiming that the CBR governor has always shunned their invitations. Available statistics show that cash outside the banks consists of over 80% of currency in circulation CIC as at the end of June 2022. All data indicated that 2.72 trillion out of the 3.26 trillion currency in circulation was outside the vaults of commercial banks across the country. One month and a half is extremely short for what we are about to do because if you withdraw 1 trillion from this economy at once in a month the ripple effect will affect everybody. So longer there is an approval from the president and in matters like this you don't need to overflog it and over publicize it. Those who have decided to do this between the president and the CBR governor they know why they are doing this deal. That announcement alone our inflation rate has moved from where we are said to about 51%. About 51% is the president and so when you are taking a position such as this you must be mindful if the CBR had wanted our support we are going to just take orders in the economy of this country. Meanwhile Senator Basi abandoned stressed the need to support the CBR governor are then there should be no discussion on the matter. In Israel in the deputy senate president Senator Omar Gegei who presided over Wednesday's plenary said it was the prerogative of the CBR to redesign the Naira and put a deadline for compliance. We must be in tune with current global realities all over the world. We now have digital currencies all over the world. As a president the volume of the current Naira outside the central bank control system can never all go away for economy. It can never all go away for economy. People are touching away billions of Naira cash, trillions of cash all over the world in this country so we must support the central bank of Nigeria. From 17, 18 and 19 most especially in 19 one A and B of the CBR act even though not specifically cited but I think the content has been alluded to all through the debate. It is within the exclusive preserve of the CBR board on the recommendation based on your recommendation to Mr. President and their approval of Mr. President to carry out this redesigning the form and the max is within the exclusive preserve and this also applies to timing.