CBN has announced the revocation of the licences of 132 microfinance banks, three finance companies and four primary mortgage banks across the country.
The meeting comes as pressure mounts on Governor Godwin Emefiele to step down from office.
The Gazette was informed that the ongoing threats against Mr Emefiele have been the most potent he has faced yet as CBN governor.
Two weeks ago, the CBN lowered the weekly over-the-counter cash withdrawal limit for individuals to N100,000 and for corporate organisations to N500,000.
Similar operations conducted by security agencies were heavily criticised as crude and uncivilised by Nigerians.
Plagiarism is not only treated as ethical shortcomings but is also considered illegal and penalised in many jurisdictions because it violates intellectual property rights.
The CBN governor said the disbursement is part of measures to avert the looming food crisis.
The nation’s real gross domestic product contracted by 3.6 percent for the second consecutive quarter, per statistics office.
The protesters are standing in solidarity against punitive measures of Godwin Emefiele and other government actors.
![The Lagos panel of inquiry on #EndSARS. [CREDIT: Bella Naija]](https://gazettengr.com/wp-content/uploads/Lagos-panel-of-enquiry.jpg)
