Some financial and economic experts have advised the Monetary Policy Committee of the Central Bank of Nigeria to retain the lending rate of 24.75 per cent.
The House stated on Thursday that the circular sent by the apex bank was likely to be misunderstood by Nigerians.
The extension followed widespread condemnation of the CBN’s recently announced 0.5 per cent cybersecurity levy on electronic transactions.
The CBN said the levy would be separately reflected in the customer’s account as a cybersecurity levy.
Mr Mogaji said the measure was to safeguard the businesses of Fintech customers and strengthen the economy.
“The reforms have reduced distortions stemming from previous unconventional monetary and exchange rate policies.’’
The anti-graft agency accused Mr Emefiele of unlawfully approving the withdrawal of N124.8 billion from the Consolidated Revenue Fund of the Federation.
He added that ABCON will upgrade technology in its quest to help in the fight against the sabotage of CBN’s reforms.
The reforms also include the Central Bank of Nigeria’s readiness to provide the necessary window for foreign companies to repatriate their profits.
The apex bank had earlier, on April 8, approved the sale of $10,000 to 1,588 eligible BDCs at the rate of N1,101 to the dollar.
