₦airaland Forum

The House of Representatives has asked the Central Bank of Nigeria (CBN) to halt the implementation of the new cash withdrawal policy slated for January 9, 2023 pending compliance with the provisions of the Act establishing the bank.

The House also summoned CBN Governor Godwin Emiefele in accordance with the provisions of the Central Bank Act to brief the Chamber on several policies of the bank in recent times.

There was anger in the House on Thursday as members took turns to condemn the new cash withdrawal policy, saying it will grossly affect small businesses and the economy since most rural communities don’t have access to banks.

However, following a point of order raised by Mark Gbillah on the provisions of the Central Bank Act, the House directed the CBN Governor to appear before the House on Thursday, December 15, 2022 to brief the House on why the policy should be allowed to stand.

Sponsor of the motion, Magaji Da’u Aliyu, said the new policy by the CBN, which limits daily cash withdrawal to N20,000 daily should not be allowed to stand as it will adversely affect the Nigerian people, especially those running small-scale businesses.

He said while the country was trying to come to terms with the decision to redesign the currency, the CBN was coming up with yet another policy that will adversely affect the masses without proper advocacy.

Bluntguy:
Buhari will soon order the house of reps to keep off. Emefiele is doing everything with his approval and the goal is to stop Tinubu's bullion vans from moving on election day. Peter Obi is our next president.
Urchins argue with your keyboards.

Okoroawusa:
Hahahaha!...no wonder Nnamdi Kanu use una head for 5 years and has now handed over to Simon Ekpa.

BOLATINUBU01:
Very good

post=119001951:
It will not work, Tinubu boys are wasting their time

Writer01:
So if I have 50k there na and I won't to use it for my important stuff this is the story they will be saying, you are not sure

And" contact me for your academic assignment WhatsApp me

Righteousness2:
They know what they are doing.
It's all about the drive towards a Globalist CBDC.

They are testing the ground to see reactions towards a Globalist CBDC.
Over a 100 Nations in the world are test running same right now.
Great reset/New world Order things.

Very soon it will be Enforced.
If you know you know.