The Senate has postponed its debate on the new Central Bank of Nigeria (CBN) cash withdrawal policy till 14th December 2022.
Senator Olubunmi Adetumbi representing Ekiti North had raised a Point of Order on Tuesday, explaining that ”the report which was to be presented at the plenary had to be withheld because Senator Uba Sani is away for the All Progressives Congress (APC) rally in Kaduna.
President of the Senate, Ahmad Lawan, in his response, thus urged lawmakers to be patient as the findings of the Committee would be unveiled within 24 hours.
Another lawmaker, Senator Bulkachuwa Muhammed, however, warned that the Senate should not sweep the issue under the carpet because of its significance, adding that the House of Representatives invited the CBN Governor, Godwin Emefiele, to appear before the Chamber to discuss the policy.
The CBN had last week, pegged daily maximum withdrawals by individuals via Automated Teller Machines (ATMs) and Point Of Sale (PoS) terminals at N20,000.
Senator Uba Sani (APC, Kaduna Central), who is the Senate Chairman of the Committee on Banking and Finance, is expected to give details on the outcome of the screening of Edward Adamu and Aisha Ahmad as deputy governors of the CBN.
Ojochenemi Onje-James
Ojochenemi Onje-James is a research writer and journalist with years of proven footprints in areas of crime and politics. She has a M.Sc in International Relations and Strategic Studies as well as a B.Sc in Mass Communication.
