Thursday, December 8, 2022

Nigeria’s Senate To Grill Central Bank Officials Over Cash Withdrawal Limit Policy


INTRO


The Nigerian Senate will on Friday grill two deputy governors of the Central Bank of Nigeria over the cash withdrawal limit policy of the apex bank.


The CBN in a memo issued on Tuesday, directed all banks and other financial institutions to ensure that over-the-counter cash withdrawals by individuals and corporate organisations do not exceed N100, 000 and N500, 000, respectively, per week.


The new policy is coming just weeks after the CBN unveiled redesigned naira notes.


Ajeck Mangut reports from Abuja.


TAKE RADIO


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Clip: http://www.fsnradionews.com/feeds/0812NigeriaSenatetogrillCBNofficials-AM-generic.mp3