Quote from: Oluwa-btc on Today at 01:08:58 AM

Quote from: sokani on December 08, 2022, 08:26:44 PM

NEWS UPDATE: House of reps orders CBN to halt new cash withdrawal limit

Following the announcement wey CBN make, say dem wan limit the withdrawal of cash to N20,000 daily and N100,000 weeky for individuals and N100,000 daily and N500,000 weekly for organisations wey suppose take place on 9 Jan 2023. The house of reps no gree at all about this recent infoment, and as a result them don order CBN to stop the implementation of this new policy and them don send the CBN governor Godwin Emefiele letter make him appear before the house on 15 December 2022, make him come torchlight about the new policy and tell them why dem go allow am to stand.

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

E no go hard me believe say these stupid rule imposed by the central bank of 9ja nah APC government they fuel am to happen because this go only work for them favor as na them dey power, I no understand wetin them wan turn us into ohhh.

We need do more than this election election something ohhhh, imagine bringing out a law that will only benefit themselves, this people are completely sick they're not after the betterment of the country but selfish minded what the bloody hell.
E good as house of reps done halt am for now, I go also love am if them go fit stop amz entirely, APC government nah faluire first first, any person weh dey support them they sick in the head. You don't know better.

I don't think I have much to say about this withdrawal policy because anything that have positive impact, same time also have negative impact. But according to what one of member in house of representative have come up with, is that policy of 20k limit withdrawal daily and 100k weekly will seriously affect micro scales in the rural areas because mostly many villages does not have bank services that may cause them to suffer and seriously that may not contribute to economy improvements,that is fact. but looking that other side I think it will help especially money laundering and kidnapping stuffs,and with this limit withdrawal policy I believe it will help to reduce those bad habits.