South West youths beneath the auspices of the Oduduwa Youth Discussion board on Friday condemned members of the Home of Representatives for appearing in opposition to the brand new money withdrawal restrictions not too long ago launched by the Central Financial institution of Nigeria.
In addition they renounced the Speaker of the Home of Representatives, Femi Gbajabiamila, saying that he must be impeached.
The apex financial institution, in a memo by the Director (Banking Supervision), Haruna Mustafa, has restricted over-the-counter money withdrawals by people and organizations to N100,000 and N500,000 respectively per week.
The CBN has additionally capped money withdrawals via merchandising machines and ATMs to N20,000 per day and N100,000 per week respectively.
The Home of Representatives, in its plenary session on Thursday, directed the CBN Governor, Godwin Emefiele, to droop the implementation of the coverage.
However the OYF chief, Ade Balogun, described the decision of the Home of Representatives as baseless and unlawful.
He additionally described it as a program pushed by private pursuits that shouldn’t be finished by the CBN.
Balogun additionally berated Gbajabiamila, for rejecting the insurance policies initiated by the President, Main Basic Muhammadu Buhari (retd), who can also be a member of the ruling All Progressives Congress.
He mentioned: “As youths from the South West, we disown Gbajabiamila, due to the unpopular decision of the Home of Representatives on the brand new money restrict beneath his management.
“The decision will not be solely unfounded but in addition unlawful. Let Gbajabiamila and his allies on this notorious journey know that their determination in opposition to money withdrawal limits is an act of legislative lewdness that he can’t stand.
“We name on loyalists of President Muhammadu Buhari within the Home of Representatives to not waste time in transferring in opposition to Gbajabiamila.