Politicians are not the goal of the government’s new cashless strategy, according to the Central Bank of Nigeria (CBN).
This was said by Aisha Ahmad, a deputy governor of the CBN, who briefed the House of Representatives on Thursday on the House floor.
It has been suggested that the bank may be targeting politicians as a result of the bank’s choice to start implementing the policy months before the election.
In order to inform the parliamentarians about the withdrawal limit policy and the redesign of the currency, Ahmad spoke on behalf of CBN Governor Godwin Emefiele.
The House had twice summoned the governor of the Central Bank of Nigeria, but each time he declined because he was away attending to health-related matters.
A lawmaker from Anambra State named Chinedu Obidigwe stated during a question-and-answer period that the cashless policy seemed to have been created with opposition party leaders in mind.
He questioned why the CBN is rushing to put the policy into effect.
In response to the query, Ahmad stated that the choice to apply the policy was made after due consideration.
“CBN is an independent institution and our decisions are taken based on research, and it is the work of many teams working together across the different directorates,”
She said.
“At no time do we make decisions based on any political consideration.”
Ahmad also disclosed to the legislators that the bank had printed 500 million fresh notes.
