Just In: Lawmakers Ask CBN To Suspend New Charges On Transaction

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The House of Representatives on Thursday directed the Central Bank of Nigeria to suspend the new charges placed on Nigerians under its new cashless policy, with immediate effect. 

CBN had announced an increase in charges on withdrawals and deposits exceeding N500,000, however, in a plenary session, the Lower House 

ordered the apex bank to suspend the policy until appropriate consultations have been concluded.

The tweets read:

Speaker of the House of Representatives

@NGRSpeaker

The @HouseNGR has urged the @cenbank to suspend its recent directive to banks on cashless policy, which seeks to have individuals and corporate organisations charged for deposits and withdrawals respectively.

@Ayoxtreme

28

4:07 PM - Sep 19, 2019

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Speaker of the House of Representatives

 · 2h

The @HouseNGR has urged the @cenbank to suspend its recent directive to banks on cashless policy, which seeks to have individuals and corporate organisations charged for deposits and withdrawals respectively.

@Ayoxtreme

Speaker of the House of Representatives@NGRSpeaker

The suspension is until appropriate and comprehensive consultation is made and the outcome of the interface of the House on the matter is concluded.

15

4:09 PM - Sep 19, 2019

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See Speaker of the House of Representatives's other Tweets