By Thav TV
Therefore, the House summoned the Governor of the CBN, Godwin Emefiele, for an explanation of the new policy to the parliament.

Based on the opinon of a member of the House, Aliyu Magaji, at the plenary on Thursday, Emefiele is expected to appear before the lawmakers.

Several lawmakers warned that the policy would have serious consequences and adverse effects on businesses and Nigerians who have no access to the banking system.

Earlier this week, on tuesday, the Central Bank of Nigeria (CBN) announced a new policy that mandates deposit money banks and other financial institutions to ensure that over-the-counter cash withdrawals by individuals and corporate entities do not exceed N100, 000 and N500, 000, respectively, per week.

https://thavmedia.com/over-cbn-cash-withdrawal-limits-reps-summon-emefiele/