Breaking News
Translate

CBN policy discriminatory –Obaze

By Vincent Ujumadu

FORMER diplomat and governorship candidate of the Peoples Democratic Party, PDP, in the 2017 election in Anaambra State, Mr. Oseloka Obaze has faulted the new policy on cash withdrawal and deposit by the Central Bank of Nigeria, CBN, describing it as discriminatory.

Obaze

In a letter to Senators and House of Representatives members representing Anambra State in the national assembly, Obaze said there was no justification in leaving some states out of the policy, while others were being used as pilot state for the exercise.

TROUBLING FORECAST: Huge floods from nine countries coming, Nze, NHSA boss, warns(Opens in a new browser tab)

Obae said: “The just announced CBN cashless policy, even with the best of intentions, is discriminatory as it targets selected states namely, Lagos, Ogun, Kano, Abia, Anambra, Rivers and FCT – as pilot states, with no obvious statutory justification.

“Such a policy, which is punitive to the affected states and preferential to unaffected states, undermines the sovereign equality of the 36 states of the Federation.

“ It should either be applied uniformly, or suspended immediately. As it stands, it is an egregious public policy inimical to business and commercial interests of the affected states.”

Vanguard

All rights reserved. This material and any other digital content on this platform may not be reproduced, published, broadcast, written or distributed in full or in part, without written permission from VANGUARD NEWS.

Disclaimer

Comments expressed here do not reflect the opinions of vanguard newspapers or any employee thereof.