News
2023: CBN cash withdrawal limits political, will affect elections – Bulkachuwa
The lawmaker representing Bauchi North Senatorial District, Adamu Bulkachuwa has said the Central Bank of Nigeria’s cash withdrawal limits might seriously affect the 2023 general elections.
Bulkachuwa expressed this concern while appearing on Sunday Politics programme.
Recall that the CBN, in early December, had placed maximum daily withdrawals via Automated Teller Machines (ATMs) and Point Of Sale (PoS) terminals at N20,000 per day following the launching of the redesigned N200, N500 and N1,000 notes.
The policy also mandated banks to ensure that weekly over-the-counter (OTC) cash withdrawals by individuals and corporate entities do not exceed N100,000 and N500,000, respectively.
However, Bulkachuwa has questioned the apex bank’s policy, saying it is political.
He said, “It looks so (political) even if they say it is not because I have never been in a situation whereby during elections and electioneering campaigns where people are subjected to a situation where they cannot even buy fuel for the cars they take on campaigns.
“So, how do you reason that it will not affect the elections or how do you explain that it has nothing to do with the elections?
-
Crime6 days ago
Police officer kills man with teargas canister
-
Business3 days ago
UPDATE: House Divided: How N430 Billion Loss Tore Zenith Bank Apart
-
Politics6 days ago
Ogidi Calls for Arrest of Ikwerre LG Chairman for Threatening Gov. Fubara
-
News6 days ago
Two Friends Missing After Travelling From Port Harcourt To Abia To Visit A Facebook Male Friend
-
Entertainment6 days ago
Junior Pope’s family visits Ruby Orjiakor to express gratitude for her exceptional funeral support
-
Politics6 days ago
Peter Obi Can Not Lead Nigerians- Wole Soyinka
-
Politics3 days ago
Rivers Power Tussle: Pro-Fubara Lawmakers Ask INEC To Immediately Conduct Election To Replace Wike’s Allies At Assembly
-
News6 days ago
More Trouble for Soludo as Court Restrains AG,Minister Of Finance from Remitting 21 LGAs Allocation