Godwin Emefiele, the Governor of the Central Bank of Nigeria, CBN, on Thursday paid a visit to President Muhammadu Buhari in Daura, Kastina State.
The Informant247 learned that the meeting between the CBN boss and the Nigerian boss may be connected to the new policy of CBN on cash withdrawal limit.
The House of Representatives on Thursday directed the Central Bank of Nigeria, CBN to suspend the execution of the new cash withdrawal policy.
The Informant247 earlier reported that the Central Bank of Nigeria, CBN, has reduced the amount a person can withdraw on individual account daily to N20,000.
The CBN has reduced the amount a person can withdraw over the counter third party cheques daily to N50,000.
The decision of the apex bank will reduce the flow of cash in circulation ahead of the official release of the newly redesigned Nigerian currency.
The House of Representatives on Thursday invited the CBN boss to the Green Chamber to make clarification on the new policy.
A lawmaker, Magaji Aliyu the sponsor of the motion revealed that the CBN should discard the new policy.
The federal legislator said it will have negative effect on members of the public especially small scale business owners.