PUNCH
The 36 governors in Nigeria have urged the President, Major-General Muhammadu Buhari (retd.), to extend the deadline for the implementation of the old Naira notes swap.
The governors also urged Buhari to revisit the cashless policy of the Central Bank of Nigeria.
The governors, under the aegis Nigeria Governors’ Forum, made the demand in a letter addressed to the President dated February 6, 2023, signed by the Chairman of the Forum Governor Aminu Tambuwal of Sokoto State
The PUNCH reports that the CBN had on December 6, 2022 directed all deposit money banks, and other financial institutions, payment service bank, primary mortgage banks and microfinance banks to limit the maximum cash withdrawal over the counter by individuals and corporate firms weekly to N100,000 and N500,000 respectively, adding that withdrawals above the lower limit would require processing fees of 5% and 10% respectively for individuals and corporate firms.
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