Senate Raises Concern Over Cash Withdrawal Limit

The Senate has raised concerns over the Central Bank of Nigeria’s policy on cash withdrawals.

Senate Minority Leader, Phillip Aduda, called for caution as it will affect many Nigerians, especially small business owners.

Responding, Senate President Ahmad Lawan harped on the need to engage the CBN in discussions to get more details of the policy.

Lawan directed the committee on banking to discuss the matter during the screening of the CBN Deputy Governors expected to hold before next week.

The Senate set next Tuesday to debate the new CBN policy.