 The Senate has urged the Central Bank of Nigeria, CBN, to extend its deadline for the phasing out of the old 1,500 and 200 Naira notes from January 31st to June 30th, 2023. The recommendation follows a motion by the Senator representing Borneau South, Alim Dume, raising the alarm over the 21st January or 31st January deadline. According to him, the notice given by the CBN is too short, considering the few banks in Borneau and Yorbae State and the inability of people in these states to launch the old notes in time to meet the deadline. On October 26th this year, the CBN government, or Godwin Amy Affiliy, announced the redesign of the three bank notes saying the new and existing currencies will remain legal tender and circulate together until January 1st next year.