Soludo Appointed As Chairman Of Committee To Engage CBN

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Anambra State Governor Chukwuma Soludo has been chosen to lead a six-person group that would discuss with the Central Bank of Nigeria regarding recent policy.

Godwin Emefiele, the governor of the Central Bank of Nigeria, has come under fire ever since the withdrawal restriction rule and the new naira notes were introduced.

The committee was formed to deal with irregularities in the nation’s monetary and financial systems.

Following a virtual conference with the other governors and Emefiele on Thursday night, Soludo was assigned the new assignment.

The governors of Akwa Ibom, Ogun, Borno, Plateau, and Jigawa States will serve on the committee and assist the governor of Anambra.

The governors revealed after their meeting with Emefiele that they weren’t against the naira redesign program but thought the CBN should

After the meeting with Emefiele, the governors disclosed that they were not against the naira redesign policy but that CBN should consider the challenges households would have with it, pertaining to financial inclusion and under-served locations.

“We, the members of the NGF, received a briefing from the Governor of the CBN, Emefiele, on the Naira redesign, its economic and security implications including the new withdrawal policy.

“Governors are not opposed to the objectives of the Naira redesign policy.

However, we observe that there are huge challenges that remain problematic for the Nigerian populace.

“In the circumstances, governors expressed the need for the CBN to consider the peculiarities of states especially as they pertained to financial inclusion and under-served locations”, the governors stated.

They further expressed their willingness to work with the CBN leadership to ameliorate areas that required policy variation, particularly the poorest households, the vulnerable in society, and several other Nigerians that were excluded.

Speaking further, the governors revealed their decision to work with the apex bank and the Nigerian Financial Intelligence Unit (NFIU) to advance genuine objectives within the confines of the law.

However, they insisted that the recent NFIU Advisory and Guidelines on cash transactions are outside the unit’s legal remit and mandate.

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