Two officials of the Central Bank of Nigeria, on Friday, appeared before the Senate Committee on Banking and Finance on Friday and explained the new withdrawal limit introduced by the bank.
They are the bank’s Deputy Governor on Financial System Stability, Aishat Ahmad, and the Deputy Governor on Corporate Services, Edward Adamu.
The duo, who were recently re-appointed by President Muhammadu Buhari, were before the lawmakers for their screening exercise. It was during the rendezvous that the senators demanded an explanation for the policy – which has generated mixed reactions since the announcement.
