Cash limit: Impeach Gbajabiamila, youths group tell Reps

Youths from the South-West under the aegis of the Oduduwa Youths Forum on Friday slammed members of House of Representatives for moving against the new cash withdrawal limits recently introduced by the Central Bank of Nigeria.

They also disowned the Speaker of the House of Representatives, Femi Gbajabiamila, saying he should be impeached.

The apex bank had, in a memo, by the Director (Banking Supervision), Haruna Mustafa, restricted over-the-counter cash withdrawals by individuals and organisations to N100,000 and N500,000, respectively, per week.

The CBN also limited cash withdrawals through point-of-sale machines and automated teller machines to N20,000 daily and N100,000 weekly, respectively.