Adamu Muhammed Bulkachuwa, Senator representing Bauchi North in the Senate has rejected the recently introduced cash limit withdrawal policy of the Central Bank of Nigeria (CBN).
Senator Bulkachuwa, who recently dumped the APC for PDP after establishing a reputation of being a staunch Buhari supporter said the policy has a lot of political colourations.
He said despite CBN’s repeated claims that the policy is not designed to prostrate the opposition ahead of the 2023 polls, it will definitely take a toll on electioneering going into the polls.
“It looks so (political) even if they say it is not because I have never been in a situation whereby during elections and electioneering campaigns where people are subjected to a situation where they cannot even buy fuel for the cars they take on campaigns,” he said.
“So, how do you reason that it will not affect the elections or how do you explain that it has nothing to do with the elections?” he asked.
Senator Bulkachuwa said the “nationwide” nature of the policy “has serious implications because the election itself is nationwide.”
WikkiTimes recalls that the CBN, in early December, pegged maximum daily withdrawals via Automated Teller Machines (ATMs) and Point Of Sale (PoS) terminals at N20,000.