A Senior Advocate of Nigeria, Femi Falana, on Monday described as illegal the Central Bank of Nigeria (CBN), cash withdrawal limits.
The apex bank had last Tuesday announced a cash withdrawal limit of N100,000 and a 5 percent processing fee over the counter for individuals and N500,000 for corporate organizations.
The CBN also pegged the daily withdrawal from Automated Teller Machines (ATMs) at N20,000.
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