Headline National News

Reps reschedule meeting with CBN

The House of Representatives has rescheduled its meeting with the officials of the Central Bank of Nigeria CBN on the review of the new cashless policy and deadline for implementation.    

On Monday, the leadership of the House announced that they would meet with the Bankers Committee and the management of the Apex Bank on Wednesday but the meeting is now to hold tomorrow Thursday, 25 January, 2023.           

Chairman of the Ad-hoc Committee, Alhassan Ado-Doguwa made this known while speaking on the inability of the Apex bank to appear before the leadership of the House. 

Mr. Ado-Doguwa explained that the leadership of the House was communicated by the CBN that the letter of invitation got to the bank late and thereby could not act on it.

According to him, the House will not entertain further excuses as there was the need to address the issues around the cashless policy which has adverse effects on the nation’s economy and Nigerians at large.

The House also rescheduled its meeting with Managing Directors of Commercial Banks for Friday this week.

Reporting by IBrahim Shehu; Editing by Marian Benjamin and Annabel Nwachukwu