The House of Representatives on Thursday directed the Central Bank of Nigeria to suspend the new charges placed on Nigerians under its new cashless policy, with immediate effect.
CBN had announced an increase in charges on withdrawals and deposits exceeding 500,000 naira.
Making his submission on the floor of the house, the member representing Kazaure/Roni/Gwiwa Federal Constituency of Jigawa state, Honourable Mohammed Kazaure Gudaji, said regardless of any given reason, Nigerians should not be exposed to additional hardship to the present economic crunch.
It would be recalled that President Muhammadu Buhari had earlier in the week said his administration would not inflict additional hardship on Nigerians.
However, in a plenary session, the Lower House ordered the apex bank to suspend the policy until appropriate consultations have been concluded.
This was affirmed via a series of tweets on the official Twitter handle of the House of Representatives.
