Mr Kachikwu worries that a large part if the North don’t have bank branches and e-banking support.
NACCIMA believes introducing N5,000 banknotes will save citizens and businesses from current currency chaos.
“This individuals with their clandestine motives have continued to play with our unity as a country.”
Mr Emefiele said the CBN and other banks are working to address the difficulties but there will be no date extension.
Mr Ajayi-Kadir cautioned that adequate measures should be put in place to ensure a smooth currency transition, particularly in the unbanked areas of Nigeria.
The CBN distributed PoS to 30,000 super-agents, with a cash sum of N500,000 each, to ease the naira cash swap on January 25.
“The redesigned naira notes and CBN’s cashless policy has moderated inflation in the country,” Mr Emefiele told the legislators.
Governments hampered by corruption lack the capacity to protect the people.
The association stressed that the shutdown would allow students to obtain their PVCs.
On Sunday, CBN governor Godwin Emefiele announced a new deadline of February 10, with an additional seven days grace period for deposits.