Cash Withdrawal Limit: There’s No Nigerian That Needs More Than N100k Cash Weekly – Reno Omokri

Reno Omokri, a former presidential advisor, has defended the Central Bank of Nigeria’s recently enacted cash withdrawal cap.

Remember that the CBN recently set a weekly cap of N100,000 and N500,000 on the amount of cash that can be withdrawn over-the-counter (OTC) by individuals and business organisations, respectively.

No Nigerian needs more than N100,000 in cash every week, Omokri said in response to critiques that have followed the policy.

He added that other than paying for transport fares or buying groceries, everything can be done cashless.

He tweeted:-

There is no Nigerian that needs more than ?100k cash weekly. Other than paying bus conductor or buying groceries, everything can be done cashless. It is kidnappers, bandits and sexual bandits (urgent 2k girls) who are fighting this policy using political godfathers

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