Reps order CBN to halt cash withdrawal limit policy


THE House of Representatives on Thursday mandated authorities of the Central Bank of Nigeria (CBN) to halt forthwith the revised cash withdrawal limits policy expected to commence on January 9, 2023 in response to public outcry. 

The resolution was passed following the adoption of a motion on the ‘Need for the Central Bank of Nigeria to rescind its decision on the revised cash withdrawal limits’, sponsored by Honourable Aliyu Magaji. 

In his lead debate, Honourable Magaji who solicited the House intervention, observed that on December 6, 2022 via a letter marked BSD/DIR/PUB/LAB/015/069, signed by one Haruna B. Mustafa (the director of banking operations) issued the following…

Source: Nigerian Tribune