Suspend deposit charges, consult stakeholders, Reps tell CBN

By AdvocateNews on 20/09/2019

Share on facebook Yahoo mail icon Gmail icon

Views: 791

House of Representatives
House of Representatives

The House of Representatives has asked the Central Bank of Nigeria to suspend the charges imposed on cash deposits in the implementation of its cashless policy.

The suspension, according to the federal parliament, should remain until consultations with all relevant stakeholders are made.

The call for the suspension was contained in a motion unanimously adopted during Thursday’s plenary which was moved by the Chairman of the House Committee on Media and Public Affairs, Mr Benjamin Kalu.

 

The motion was entitled, ‘Need to Suspend the Implementation of the Cashless Policy on Deposits by the Central Bank of Nigeria.’

Adopting the motion, the lawmakers resolved to urge the CBN to “suspend the implementation of the cashless policy on deposits which has taken effect from Wednesday, 18th September, 2019, until appropriate and extensive consultative process are concluded.”

They also resolved to mandate the House Committee on Banking and Currency to interface with the CBN to ascertain the relevance of the CBN’s move.

 

Earlier, Kalu said, “The House is aggrieved that while the impact of the cashless policy on withdrawals is still staring us all in our faces, as well as other numerous burdensome charges by Nigeria Money Deposit Banks heavily impacting on businesses, the CBN deemed it necessary to impose the implementation of cashless policy on depositors ,without due consultations with all shades of stakeholders who will be impacted by the policy.”

Posted 20/09/2019 07:15:27 AM

 

Share on facebook Yahoo mail icon Gmail icon


 

You may also like...
2019: Igbos have no regrets supporting Atiku/Obi ticket...

Nigerian student shot dead in US over loud...

Deputy commissioner of Police killed in Shiite, police...

32-year-old arrested Christmas day for stealing EEDC cables...

Plea for pardon: Vacate office now, PDP tells...

APC condemns post-election violence, killing in Kogi

Shi’ites vs Army: Buhari inviting anarchy ahead of...

Guinea's Head of national electoral commission dies of...

FG orders youth council to put all activities...

COVID-19: Fear grips health workers as two Edo...

Ibaji youths take campaign against COVID-19 to rural...

Senate summons Nigerian envoy in South Africa over...

 

Latest News Post-Coronavirus, Africa’s Manufacturing Moment – By Muhammadu Buhari Nigeria’s COVID-19 cases exceed 9,000 as Lagos records 254 new cases Akinwumi Adesina, AfDB President, responds to allegations against him Coronavirus: Monkeys 'escape with COVID-19 samples' after attacking lab assistant Nigeria’s economy sliding into depression – El-Rufai Police rescue three kidnap victims, kill one suspect, arrest another AfDB: Obasanjo, Jonathan, ex-African presidents oppose US, endorse Adesina NTA Manager News kidnapped, NAWOJ calls for immediate release Ekweremadu faults Executive Order on Financial Autonomy for State Judiciary, Legislature IG redeploys 11 Commissioners of Police Buhari splits Police Force CID, approves additional commands Nigerian Navy redeploys 33 Rear Admirals, 77 Commodores

 

Most Read I’ve no Coronavirus, govt wants to kill me – Anambra Index case (32,398 views) Fleeing ex-DG Imo Broadcasting Corporation who stabbed wife to death arrested (25,282 views) Full Text of Governor Ifeanyi Ugwuanyi’s 2016 Budget Speech (17,131 views) Ex-Heads of State will protect Jonathan from persecution —Kukah (16,833 views) ASUU strike: Senate intervention ends in deadlock (15,993 views) All you need to know about Peter Obi, PDP VP Candidate (15,402 views) Ugwuanyi commends FG’s siting of ICT University in Enugu (14,908 views) Sickle cell support group seeks government intervention (13,993 views) Ebonyi bans embalming of corpses in homes (13,753 views) DEMOCRACY DAY: President Muhammadu Buhari’s full speech (13,037 views) France wins 2018 World Cup Final (12,439 views) The Big Kick-off: World greatest sports fiesta begins in Russia (12,388 views)

 

SECTIONS EDITORIAL (10) NEWS (2,650) POLITICS (443) SOCIETY (118) SPORTS (27) BUSINESS (305) HEALTH (37) EDUCATION (30) ENTERTAINMENT (18) INTERNATIONAL (64) TECHNOLOGY (1) COLUMNISTS (0) LETTERS (1) OPINION (20)

 

 

Julius Agwu - Crazy Interview Demands