Posted by The Central Bank of Nigeria (CBN) has reaffirmed that the new cashless policy of the government does not target politicians.
This was said by Aisha Ahmad, a deputy governor of the CBN, who briefed the House of Representatives on Thursday on the House floor.
It has been suggested that the bank may be targeting politicians as a result of the bank’s choice to start implementing the policy months before the election.
In order to inform the parliamentarians about the withdrawal limit policy and the redesign of the currency, Ahmad spoke on behalf of CBN Governor Godwin Emefiele.
The House had twice summoned the governor of the Central Bank of Nigeria, but each time he declined because he was away attending to health-related matters.
A lawmaker from Anambra State named Chinedu Obidigwe stated during a question-and-answer period that the cashless policy seemed to have been created with opposition party leaders in mind.
He questioned why the CBN is rushing to put the policy into effect.
In response to the query, Ahmad stated that the choice to apply the policy was made after due consideration.
Because CBN is an independent organization, all of its judgments are the result of numerous teams from various directorates collaborating on research.
We never base our decisions on any political considerations, she continued.
Ahmad also disclosed to the legislators that the bank had printed 500 million fresh notes.