Cash Withdrawal Limits: Coalition Condemns Attack On CBN Governor

Coalition Of National Civil Society Organisations (CNCSOs) has condemned what it termed needless attacks on the management of the Central Bank of Nigeria (CBN).

Addressing a press conference in Abuja, yesterday, the national convener, Chief Willy Ezugwu and the national secretary, Alhaji Ali Abacha said despite the efforts of the management of the CBN, led by Godwin Emefiele, who secured the approval of President Muhammadu Buhari for the redesign of Nigeria’s banknotes, many citizens, especially politicians, have continued to criticize the cash-less policy implementation.

It said some have argued that the weekly cash withdrawal limit set by the Central Bank of Nigeria has attendant economic and social challenges, adding that the height of the display of their ignorance of the progressive implementation of Nigeria’s cash-less policy which took effect in 2012 was the resolution by the House of Representatives last Thursday asking the CBN Governor, Mr Godwin Emefiele to suspend implementation of the cash withdrawal policy.