Cashless Policy:Reps summon Emefiele over CBN cash withdrawal limit

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The House of Representatives has criticised the new policy introduced by the Central Bank of Nigeria which, among others, sets limits to cash withdrawals at the Deposit Money Banks and other financial institutions.

Consequently, the House summoned the Governor of the CBN, Godwin Emefiele, to come and explain the policy to the parliament.

He is to appear before the lawmakers on Thursday.

This is based on a motion of urgent public importance moved by a member of the House, Aliyu Magaji, at the plenary on Thursday.

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