National Association of Nigerian Students (NANS) has joined the long list of Nigerian stakeholders that have condemned the new cashless policy championed by the Central Bank of Nigeria (CBN).
It described the policy as “insensitive and anti-people” policy designed to inflict more pain and hardship on Nigerians. It thus urged the CBN to suspend the policy within 72 hours or face unfriendly mass action from Nigerian students.
NANS President, Danielson Akpan, in a letter dated September 23, 2019, and addressed to CBN Governor, Godwin Emefiele, said the new policy has heightened concerns and palpable fears amongst Nigerians as it affects charges on deposits and withdrawals above N500,000 and N3 million on individual and corporate accounts respectively.
He said he was disappointed with CBN for not realising the unbearable economic condition of Nigerians and consistent collapse of businesses due to unhealthy attitude of financial institutions.