Senate To CBN: 'Adjust Withdrawal Limits'

The Red Chamber of the National Assembly on Wednesday urged the Central Bank of Nigeria (CBN) to considerably adjust It's recently announced cash withdrawal limits in response to the public outcry against the new policy.

Also in its resolution, the Senate asked its Committee on Banking and Finance to embark on aggressive oversight of the apex bank as it implements the policy and give periodic reports to the Senate.

The resolution of the Senate was reached after an exhaustive debate by the lawmakers who attended the day's plenary session.

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