Emefiele Withdrawal Limits Targeted At Politicians – Fintiri

Emefiele withdrawal limits targeted at politicians says Fintiri.

Glamtush reports that the Governor of Adamawa State, Ahmadu Fintiri, has accused the Central Bank Governor, Godwin Emefiele, of targeting the politicians with the cash withdrawal limit policy unveiled by the apex bank on Tuesday.

This online platform recalls that controversies have continued to trail the planned policy of the Central Bank of Nigeria to limit daily cash withdrawal for individuals to N20,000 daily and N100,000 and N500,000 per week for individuals and corporate bodies respectively.

However, Governor Fintiri, who was reacting to the new CBN policy during a campaign engagement in Kala’a, Hong Local Government Area, said it was evident that the policy by Emefiele was targeted at the political class.

He said the policy coming shortly after Emefiele’s uneventful foray into politics which had been prematurely truncated, could only have been retaliatory giving that the policy was likely to worsen poverty among the citizens.

He said, “What is breeding poverty? Economic policies. Look at the one that is about to be implemented by the Central Bank which would further throw the country into poverty. Nobody is saying the economy shouldn’t be cashless. Take time and do it systematically. We shouldn’t do it as if some people wanted to be politicians and they were denied the opportunity, then they use their office to punish the politicians.”