SENATE HELD EMERGENCY PLENARY OVER CBN ACT AMENDMENT, OTHERS 🔵✅ The Senate held an emergency plenary presently over the amendment of the Central Bank of Nigeria Act, 2004.According to the order paper, the bills up for debate are: A Bill for an Act to Amend the 2022 Supplementary Appropriation Act and for other matters connected therewith, 2023 (SB. 1124) – Second Reading. (Sen. Gobir, Ibrahim Abdullahi (Sokoto East-Senate Leader).Also to be debated by the lawmakers is ‘A Bill for an Act to Amend the Central Bank of Nigeria Act C4 Laws of the Federation of Nigeria 004 and for Other Matters Connected Thereto, 2023 (SB. 1125) – Second Reading Sen. Gobir, Ibrahim Abdullahi (Sokoto East-Senate Leader).”The CBN Act (Amendment)Bill, 2023 (SB. 1125) seeks to increase the total CBN advances to the Federal Government from five per cent (5%) to a Maximum of fifteen per cent (15%). The Bill was read for the first time in this Chamber on Wednesday, 24th May, – 2023. This is the second time in the 9th Senate that an emergency session is convened. The first was during the COVID-19 pandemic to approve funds to address the pandemic.