The House of Representatives on Thursday directed the apex bank- the Central Bank of Nigeria (CBN) to suspend the new charges placed on Nigerians under its new cashless policy, with immediate effect.
CBN had earlier announced an increase in charges on withdrawals and deposits exceeding N500,000.
In a plenary session on Thursday, the Honourable members at the green chamber ordered the apex bank to suspend the policy until appropriate consultations have been concluded.
This was, also affirmed via a series of tweets on the official Twitter handle of the House of Representatives.
