Following the absence of Senator Uba Sani, the Chairman of the Committee on Banking and Finance, the Senate has postponed its debate on the new Central Bank of Nigeria (CBN) cash withdrawal policy till 14th December 2022.

According to a report by DailyPost, Senator Olubunmi Adetumbi, a member of the Committee, in a Point of Order on Tuesday, explained that ”the report which was to be presented at the plenary had to be withheld because Sani is away for the All Progressive Congress (APC) rally in Kaduna”.

It was further reported that the Senate President, Ahmad Lawan, in his response, urged lawmakers to be patient as the findings of the Committee would be unveiled within 24 hours.

However, another lawmaker, Senator Bulkachuwa Muhammed, who warned that the Senate should not sweep the issue under the carpet because of its significance, also noted that the House of Representatives invited the CBN Governor, Godwin Emefiele to appear before the House to discuss the policy.

Thelagostimes recalls that the CBN had, last week, pegged daily maximum withdrawals via Automated Teller Machines (ATMs) and Point Of Sale (PoS) terminals at N20,000.