The presidential candidate of the African Democratic Congress (ADC), Dumebi Kachikwu has condemned the Central Bank of Nigeria (CBN) over its new cash withdrawal policy.
 He said the plan is an attempt to cover a bigger problem.
 The ADC candidate submitted that the Nigerian economy has collapsed but the ruling All Progressives Congress (APC) is trying to cover it up.
 According to Kachikwu, the APC is only scamming Nigerians but the people of the country have failed to realize this.
 The politician made the submission in his reaction to the new N100,000 per week withdrawal policy of the CBN set to take effect on January 9, 2023.
 CBN had revealed the plan to limit over-the-counter cash withdrawals by individuals and corporate entities to N100,000 and N500,000 per week, respectively.
 In the circular issued on Tuesday issued by the CBN’s Director of Banking Supervision, Haruna Mustafa, the policy limits cash withdrawals via point-of-sale machines and automated teller machines to N20,000 daily and N100,000 weekly, respectively.
 The apex bank added that only N200 and lower denominations will be loaded into the ATMs and