We provide Instant breaking news alerts and information about the day's most talked-about stories around Nigeria, Africa and the world trending news.
Governor Ahmadu Fintiri of Adamawa State has accused the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, of targeting the political class with the cash withdrawal limit policy announced by the apex bank on Tuesday.
Controversies have continued to trail the planned policy of the CBN to limit daily cash withdrawal for individuals to N20,000 daily and N100,000 and N500,000 per week for individuals and corporate bodies respectively.
But Governor Fintiri, who was reacting to the new CBN policy during a campaign engagement in Kala’a, Hong Local Government Area, said it was evident that the policy by Emefiele was targeted at the political class.
Read Also: 2023: Fintiri Emerges Adamawa PDP Guber Flag Bearer
Related Posts
He said the policy coming shortly after Emefiele’s uneventful foray into politics which had been prematurely truncated, could only have been retaliatory giving that the policy was likely to worsen poverty among the citizens.
In his words, “What is breeding poverty? Economic policies. Look at the one that is about to be implemented by the Central Bank which would further throw the country into poverty. Nobody is saying the economy shouldn’t be cashless. Take time and do it systematically. We shouldn’t do it as if some people wanted to be politicians and they were denied the opportunity, then they use their office to punish the politicians.”
Fintiri who warned against such policies tasked holders of key national institutions to act in the overall national interest.
