Yusuf Ali supports the Governor of the CBN on the withdrawal cap

Yusuf Ali, a Senior Advocate of Nigeria (SAN), has endorsed the Central Bank of Nigeria’s (CBN) new daily cash withdrawal policy.

Godwin Emefiele, governor of the Central Bank of Nigeria, announced the new policy, which caps weekly cash withdrawals for corporate entities at N500,000 and for individuals at N100,000.

Speaking in Ibadan at his mother’s turbaning ceremony as the Iya Adini Musulumi of CAREW Central Mosque, Alhaja Taibat Ali remarked that any initiative that will boost the economy and end corruption should be embraced.

Ali, who was confident that the 2023 general elections would take place without incident, went on to say that because of the diversity of religious beliefs, religious leaders might not have specific roles in the constitution. Nevertheless, he urged them to do their share to ensure peaceful elections.

Any strategy that may assist us in reviving our economy and addressing inflation, corruption, and fraud should be embraced, he said.
from Taboola.

In response to the constitutional obligation of religious leaders, Ali said: “If you provide for the Muslim in the constitution, you provide for the Christian in the constitution, and even the traditional worshippers, the constitution becomes unwindy. We as citizens must conduct ourselves in accordance with the moral precepts of our own religions; if we do this, Nigeria will improve.

Prof. Dawud Noibi, a former professor of Islamic studies at the University of Ibadan (UI), also urged religious authorities to find ways to direct political fighters toward legitimate elections in 2023.

Noibi argued that political leaders must guide their countries in a way that helps them overcome long-term problems.

Dr. Wale Babalakin, Prof. Isiaq Oloyede, the JAMB Registrar, the Chief Imams of Ibadanland, Ilorin, and Ifetedo, as well as other dignitaries, attended the occasion.