The Governor of Adamawa State, Ahmadu Fintiri, has accused the Central Bank Governor, Godwin Emefiele, of targeting the political class with the cash withdrawal limit policy unveiled by the apex bank on Tuesday.
Controversies have continued to trail the planned policy of the Central Bank of Nigeria to limit daily cash withdrawal for individuals to N20,000 daily and N100,000 and N500,000 per week for individuals and corporate bodies respectively.
But Governor Fintiri, who was reacting to the new CBN policy during a campaign engagement in Kala’a, Hong Local Government Area, said it was evident that the policy by Emefiele was targeted at the political class.
He said the policy coming shortly after Emefiele’s uneventful foray into politics which had been prematurely truncated, could only have been retaliatory giving that the policy was likely to worsen poverty among the citizens.
He said, “What is breeding poverty? Economic policies. Look at the one that is about to be implemented by the Central Bank which would further throw the country into poverty. Nobody is saying the economy shouldn’t be cashless. Take time and do it systematically. We shouldn’t do it as if some people wanted to be politicians and they were denied the opportunity, then they use their office to punish the politicians.”
Fintiri who cautioned against such policies tasked holders of key national institutions to act in the overall national interest.
The governor also reiterated his call for true federalism. Fintiri had on Thursday, called on the President Muhammadu Buhari (retd.), to amend the constitution to allow for a true federation where states are allowed to take full control of revenues and by so doing assure autonomy for the third tier of government.
He said, “If we are talking about governors diverting funds, we expect the government to correct the anomaly by sponsoring amendment to the Nigerian constitution to separate the office of the accountant general of the federation from the accountant general of the federal government so that funds belonging to local government and the state would not also be converted by the federal government, because what the governors’ are being accused of, the Federal Government can equally be accused of doing same ten times over.”
He maintained that there needs to be restructuring of the current system that would allow autonomy to the states and local government, adding that “the way the system is couched there’s no autonomy even for the states nor for the local governments and nobody sees the states as sub-national of the federation because everything is being controlled at the centre.”
https://punchng.com/breaking-cbn-withdrawal-limits-retaliatory-against-political-class-fintiri/

That is true.

Why the political class? Do they handle cash more than people who buy and sell?
If this will prevent a governor from loading 250 million naira in his convoy so be it.

Anything that will hinder the political class a.k.a the enemies of the state is a welcome development

But I thought Ndi elumelu, the PDP minority leader said the policy is good. Why is finiri now complaining. Are they not all supporters of Atiku?! They have not seen anything. They should wait for part 3 and 4; part 4 will have all Tinubu supporters on NL crying like bushbaby.

Cbn wants to limit the amount of funds available to politicians so dat they won't be able to buy off voters. The cbn also knows voters ready to sell their votes will not accept to vote and be paid at a later date

Look at this fool….

Do the electorates need the flow of cash to vote or you angry because you can no longer buy votes?

No popular politician will have issues with the policy. It’s time to know those with street credibility and those that buy victory with money.

Carry on Emefiele…

We, sane Nigerians, are behind you.

Only Tinubu brainless fools and Atiku idiots who were hoping to buy INEC officials and voters with money, are angry.

Why are APC politicians opposing this policy and crying blood
Withdraw more than 20k and answer questions
I will support this policy till after election

Otoro gbagbuchakwaa unu n’ile
Ndi apali

Politicians should also try to abide by the law

ElSudani:
Why the political class? Do they handle cash more than people who buy and sell?
If this will prevent a governor from loading 250 million naira in his convoy so be it.

If this will prevent a leaky ass from loading billions in his bullion vans, so be it.

Allison012:
If this will prevent a leaky ass from loading billions in his bullion vans, so be it.

You can load anything in a bullion van as long as you are the lawful owner.
If you are the governor and the excuse is that you are going to pay a contractor, then you should be asked if you double as the ministry of finance too.