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House Of Reps Orders CBN To Suspend New Cash Withdrawal Limit - Politics - Nairaland 1v6g6i

House Of Reps Orders CBN To Suspend New Cash Withdrawal Limit (31142 Views)

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oshozondii: 3:45pm On Dec 08, 2022
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 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 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.

https://community.thenationonlineng.net/forum/breaking-house-of-reps-orders-cbn-to-suspend-new-cash-withdrawal-?xg_source=twitter

18 Likes 2 Shares

bjdon: 3:48pm On Dec 08, 2022
They have no power to do that, unless they amend the relvevant legeslation that gives CBN autonomy in monetry affairs

240 Likes 17 Shares

dawnomike(m): 3:49pm On Dec 08, 2022
I agree to the fact that it will affect we Nigerians. But, it should not be reversed till after the election

313 Likes 25 Shares

Mrfixiit: 3:50pm On Dec 08, 2022
20k withdrawal limit is too small. 50k should have been better

61 Likes 1 Share

BOLATINUBU01: 3:50pm On Dec 08, 2022
Very good

1 Like

Righteousness2(m): 3:52pm On Dec 08, 2022
They know what they are doing.
It's all about the drive towards a Globalist Central bank Digital Currency. (CBDC)
Unfortunately over 70% of Nigerians know little or nothing about these things.

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.
Globalist Great reset/New world Order things.

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

53 Likes 5 Shares

Bluntguy: 3:53pm On Dec 08, 2022
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.

153 Likes 12 Shares

Writer01: 3:53pm On Dec 08, 2022
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" me for your academic assignment WhatsApp me
scoFarino(f): 3:54pm On Dec 08, 2022
Litters will like this new development
Okoroawusa: 3:57pm On Dec 08, 2022
This lawmakers no sabi law o! You can only summon the CBN governor but you can't suspend anything. The CBN is an autonomous entity.

118 Likes 8 Shares

Okoroawusa: 3:58pm On Dec 08, 2022
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.
Hahahaha!...no wonder Nnamdi Kanu use una head for 5 years and has now handed over to Simon Ekpa.

30 Likes 7 Shares

Bluntguy: 4:04pm On Dec 08, 2022
Okoroawusa:

Hahahaha!...no wonder Nnamdi Kanu use una head for 5 years and has now handed over to Simon Ekpa.
They are both more sensible than Tinubu and you urchins.

70 Likes 5 Shares

Anambra1stSon(m): 4:08pm On Dec 08, 2022
BOLATINUBU01:
Very good
It will not work, Tinubu boys are wasting their time

18 Likes 2 Shares

slivertongue: 4:09pm On Dec 08, 2022
It should be fine tuned instead of suspending it

3 Likes

BOLATINUBU01: 4:09pm On Dec 08, 2022
post=119001951:

It will not work, Tinubu boys are wasting their time
only option for you

6 Likes 4 Shares

Vipro(m): 5:04pm On Dec 08, 2022
Ccc
Winters23: 5:04pm On Dec 08, 2022
grin
Bustincole(m): 5:05pm On Dec 08, 2022
This policy will affect 98% of Nigerians


its dead on arrival policy

11 Likes 2 Shares

money121(m): 5:05pm On Dec 08, 2022
Lobatan
Re: House Of Reps Orders CBN To Suspend New Cash Withdrawal Limit by Nobody: 5:05pm On Dec 08, 2022
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" me for your academic assignment WhatsApp me
Very important stuff u mean pricy ashawo ? And lodge
abobote: 5:05pm On Dec 08, 2022
As if they have the balls
They can only bark, bunch of rubber stamped legislooters

7 Likes 1 Share

GistFullGround: 5:05pm On Dec 08, 2022


Foolish people; the CBN is autonomous & you can't be ordering them!

11 Likes

GoooodHardDick: 5:06pm On Dec 08, 2022
Confusion has taken over this APC government!

If CBN obey this order make I no Wetin cause am grin

9 Likes 2 Shares

illuminutty: 5:06pm On Dec 08, 2022
Lawmakers That Don't Know The Law cheesy cheesy cheesy cheesy

Bunch of Agbada-wearing Clowns grin grin

13 Likes 1 Share

PotatoSalad(m): 5:06pm On Dec 08, 2022
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.
You're an overgrown idiot.
Please face your religion and leave financial matters for the experts.
Abi when it's enforced, you'd stick to cowries and trade by barter?
Don't be foolish

24 Likes

BeardGangJnr1(m): 5:06pm On Dec 08, 2022
Nigeria is honestly not ripe for such policy,
We have a very poor network.... imagine doing transfer and the money Hangs....
The literacy rate in Niagara is so poor...many pipo (Market women to be precise) can't be able to execute a transfer using Mobil banking app or ussd.

13 Likes 3 Shares

CalabarPikin: 5:06pm On Dec 08, 2022
Election next year will be the best Nigeria ever had in a long while

12 Likes 2 Shares

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