February 4, 2023
Senate Expresses Concern Over New CBN Policy
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Senate Expresses Concern Over New CBN Policy

Senate expresses concern over new CBN policy

Lawmakers in the Senate have expressed reservations over the CBN’s latest policy on cash withdrawals. 

Phillip Aduda, Senate Minority Leader, called for caution, saying Nigeria’s commerce is not ready for the policy and the economy cannot take the shock. 

Senator Gabriel Suswam urged the chamber to debate the policy immediately for the sake of Nigerians, who, he says, are extremely worried. 

The Senate directed its committee on banking, insurance, and other financial institutions to discuss the matter during the screening of the CBN deputy governors. 

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