CBN Withdrawal Policy: Oyo Motor Dealers Calls For Caution.

The newly elected chairman of Motor Dealers Association of Nigeria MODAN  Oyo State chapter, Alhaji Musibau Sulaimon Maito  has called  on the Federal Government to prevail in the Central Bank of Nigeria (CBN) to rescind it's decision to peg the daily cash limit withdrawal to ₦50,000.00 naira.

He made this known during his acceptance speech during the association's election where he was re- elected for another four years,  Alhaji Maito who polled 55 out of the 57 votes however pledges to further  ensure that the association continue to wax stronger. 

The election which took place at the New Garrage had in attendance elders of the association  among whom are Alhaji Mutiu Oloye Arikutaku, elder Adebayo Adebisi, and Alhaji Abdul- waheed Olawale.

While speaking after the election the chairman electoral committee of MODAN, Elder Olusegun Okeowo expressed satisfaction about the peaceful and calmness of the delegates who were drawn from all the zones of the association.

He however thanked other members of the committee for doing the job without bias .

The Iyaloja Motor Dealers of Oyo State, Chief Mrs. Remi Akerele in her remarks commended the  peaceful electioneering process and the activities of the credentials committee for a job well done , she noted that the returning chairman should continue in  line with his commitment to encourage members of the association.

Alhaji Maito who was highly elated and could not hide his joyous mood pledges to carry the elders along in taking decisions about the association, he however called on the zones to ensure they work according to the regulations of the association. . 

Although other executives are yet to emerge but the association has zoned the following positions : Oke -Ado , Assistant treasurer and Market corporate officer while the positions of Assistant Financial Secretary and chief whip goes to Old Ife- Road zone.

Others includes Bodija, Task force control and assistance social welfare, Ring - Road, assistant PRO and social welfare secretary, and New Garage have transport officer and assistant secretary.

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