By Chike Nnamani
When the now suspended CBN governor, Godwin Emefiele, announced in October 2022 of a new naira policy which included cash withdrawal limits; it was greeted with mixed reactions from Nigerians. Initially, many people welcomed the idea especially going by the reasons given by the apex bank - that over 75 percent of cash could not be traced within the banking system, indicating that trillions of naira were hoarded by some persons and not in circulation.
