The CBN governor, Godwin Emefiele, made this known during the post-MPC press conference on Wednesday.
But the CBN did not respond to the FOI request, prompting HEDA resource centre to pursue legal action to challenge the CBN’s denial.
NIS has blamed the scarcity of passport booklets on President Muhammadu Buhari’s regime and the Central Bank of Nigeria’s policy on forex.
The former president was speaking at the first year anniversary town hall meeting of Governor Chukwuma Soludo in Awka on Saturday.
Another resident, Sule Aliu, also commended the apex bank for directing banks to work during the weekend.
The financial experts said the increase can lead to a prolonged downturn in economic activities.
The MPR is an economy’s baseline interest rate, upon which all other interest rates are based.
A petty trader, Madam Uloma, also said she wouldn’t accept the old notes, saying, “until I hear from the horse’s mouth, I will not collect the old notes”.
The apex court had invalidated the naira redesign policy, ordering that all old notes must remain legal tender till December 31.
Mr Shinkafi urged President Muhammadu Buhari to respect the rule of the law.
