Falana, PoS Operators in Lagos Threaten Lawsuit Against CBN Over New Cash Withdrawal Limit

Date: 13-12-2022 8:32 am (1 year ago) | Author: kacy lee
- at 13-12-2022 08:32 AM (1 year ago)
(f)

Human rights lawyer, Femi Falana, SAN, and Point of Sale (POS) terminal operators in Lagos have threatened to sue the Central Bank of Nigeria, CBN, if it fails to halt the new cash withdrawal policy limiting cash withdrawals.

GISTMANIA reported that the CBN had, in a letter, directed banks to restrict withdrawals to N20,000 per day from ATMs. Withdrawals from PoS terminals were also limited to N20,000 daily, among other cash withdrawal restrictions.

The policy, expected to kickstart on January 9, 2023, had generated criticism, but the CBN clarified last Wednesday that PoS operators could apply for waivers.

However, Falana, on Monday, described the new cash withdrawal limit policy initiated by the CBN as unconstitutional. As a result, he vowed to seek legal redress.

“It is embarrassing that the Central Bank of Nigeria has been making announcements without regard to the Constitution and other relevant laws on the national economy,” he said.

Posted: at 13-12-2022 08:32 AM (1 year ago) | Addicted Hero
- fineboy77 at 13-12-2022 08:58 AM (1 year ago)
(m)
After the election, everything will come back to normal. Relax.
Posted: at 13-12-2022 08:58 AM (1 year ago) | Addicted Hero
Reply
- jahmad at 13-12-2022 09:28 AM (1 year ago)
(m)
This falana is trying to be very relevant knowing fully well he is just a nobody... I.pity those believing in him cause he is just after his pocket not any human rights.... There is no single thing that he will not criticise. Rubbish
Posted: at 13-12-2022 09:28 AM (1 year ago) | Newbie
Reply
- olowoinlionsden at 13-12-2022 09:39 AM (1 year ago)
(m)
Some dumb fellows that called themselvss YOUTH are supporting this obnoxious policy from the CBN.  And to say those disadvantaged are mostly youths I n the POS operations;  because these idiots have been "settled" by some ignoble Officials, they have no feelings for their Likes.
Posted: at 13-12-2022 09:39 AM (1 year ago) | Gistmaniac
Reply
- kp45 at 13-12-2022 10:27 AM (1 year ago)
(m)
Let's be looking at their foolish policies
Posted: at 13-12-2022 10:27 AM (1 year ago) | Addicted Hero
Reply
- gogoman at 13-12-2022 01:06 PM (1 year ago)
(m)
I'm with the CBN governor!!  if you don't have any skeleton in your cupboard you need to support him... and falana is just doing his silly trick as if he owns the court!! you can't be the lawyer, the jury, and the judge!!!
Posted: at 13-12-2022 01:06 PM (1 year ago) | Grande Master
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