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CBN Governor, Godwin Emefiele Meets Buhari In Katsina
Emefiele met with Buhari in Katsina.
EKO HOT BLOG reports that the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, on Thursday met with President Muhammadu Buhari in Daura, Kastina State.
This online media platform gathered that the meeting between the Governor of the apex bank and President Buhari might be with respect to the new CBN policy on cash withdrawal limit.
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This platform had earlier reported that CBN on Tuesday limited over-the-counter cash withdrawals by individuals and corporate entities to N100,000 and N500,000 per week, respectively.
The apex bank also fixed the 9th of January, 2023, for the kickoff of the new policy.
However, members of the House of Representatives on Thursday ordered CBN to halt the implementation of the new cash withdrawal policy.
The House thereafter directed the CBN Governor to appear before the House next Thursday to brief the House on the new policy.
A legislator in the House, Magaji Aliyu, who sponsored the motion, said the new policy by the CBN should not be allowed to stand.
The lawmaker further stated that it will adversely affect the Nigerian people, especially those running small-scale businesses.
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President Buhari, who is in Daura for the official visit, will spend four days before returning to Aso-Rock, Abuja.
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