The House of Representatives has directed the Central Bank of Nigeria Governor, Godwin Emefiele, to henceforth submit a weekly report on the apex bank’s release of the new naira notes to commercial banks across the country. The House while giving the directive on Tuesday when the CBN governor appeared before its ad-hoc committee on the currency redesign and naira swap policy, said that the purpose is to enable the lawmakers to verify claims by the CEOs of the banks that the apex bank had not been releasing enough cash to them.
Nigerian House Of Reps Directs Central Bank To Increase ATM Withdrawal Limits, Disclose Amount Of New Naira Notes Given To Commercial Banks WeeklyThe House further directed Emefiele to ensure that the new naira notes are available across the country forthwith.The House of Representatives has directed the Central Bank of Nigeria Governor, Godwin Emefiele, to henceforth submit a weekly report on the apex bank’s release of the new naira notes to commercial banks across the country.
The House further directed Emefiele to ensure that the new naira notes are available across the country forthwith. “The ad-hoc committee of the House looking into the cashless policy and the naira swap timeframe will continue to monitor the operations of the CBN in this regard to ensure compliance with the decisions of the House.”
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