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Nigerians, from all parts of the country, will enter this weekend agitated and confused over the currency redesign policy of the Central Bank of Nigeria (CBN). While banks remain open to receive old notes till Tuesday, January 31
Prof. Joshua Alobo has approached the Federal High Court, Abuja, praying the court to stop the Central Bank of Nigeria (CBN) from insisting on the Jan. 31 deadline for using the old naira notes.
Human rights lawyer, Femi Falana, SAN, has described the Central Bank of Nigeria's new policy on cash withdrawal limitations as unlawful, noting that President Muhammadu Buhari should immediately overrule the policy. Recall that the Apex Court had imposed a weekly limit of N100,000 and N500,000 withdrawals on individuals and organisations. It had said the new policy would take effect from January 9, 2023.
Human Rights Writers Association of Nigeria (HURIWA), on Wednesday, criticised the Central Bank of Nigeria over its weekly cash withdrawal limits, saying
Police said they arrived at the bank, 1501 S. Court St., at 12:51 a.m. and discovered the ATM was pulled over using chains and a truck.