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BREAKING NEWS: Central Bank Governor Reverts Cashless Policy - Politics - Nairaland

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BREAKING NEWS: Central Bank Governor Reverts Cashless Policy by talentarena(m): 11:45am On Aug 10, 2015
BREAKING NEWS NUGGET- Emefiele reverts cashless policy.

Governor of Central Bank Godwin Emefiele has cancelled the penalty deduction from transactions the exceed deposit and withdrawal limits of the cashless policy. Banks have been asked to refund any such penalty from the past to customers.

http://talentarenaafrica.com/breaking-news-central-bank-governor-reverts-cashless-policy/

1 Like

Re: BREAKING NEWS: Central Bank Governor Reverts Cashless Policy by hakeem4(m): 11:45am On Aug 10, 2015
shocked
Re: BREAKING NEWS: Central Bank Governor Reverts Cashless Policy by figoperch: 11:46am On Aug 10, 2015
This sauce no get flavor

5 Likes

Re: BREAKING NEWS: Central Bank Governor Reverts Cashless Policy by Katastrofy: 11:47am On Aug 10, 2015
h,mmmm
Re: BREAKING NEWS: Central Bank Governor Reverts Cashless Policy by agarawu23(m): 11:48am On Aug 10, 2015
figoperch:
This sauce no get flavor
grin grin grin

1 Like

Re: BREAKING NEWS: Central Bank Governor Reverts Cashless Policy by eyeview: 11:50am On Aug 10, 2015
I don't believe this yet
Re: BREAKING NEWS: Central Bank Governor Reverts Cashless Policy by yrret: 11:54am On Aug 10, 2015
Someone should give me a video of this topic.

Or Adonbilivit
Re: BREAKING NEWS: Central Bank Governor Reverts Cashless Policy by Welrez(m): 11:55am On Aug 10, 2015
I will take this news with a pinch of salt. There are too many junk news outlets these days.
Re: BREAKING NEWS: Central Bank Governor Reverts Cashless Policy by Omotayor123(f): 11:55am On Aug 10, 2015
Hmm
Re: BREAKING NEWS: Central Bank Governor Reverts Cashless Policy by emamos: 11:58am On Aug 10, 2015
figoperch:
This sauce no get flavor
the SAUCE is same as op username

1 Like

Re: BREAKING NEWS: Central Bank Governor Reverts Cashless Policy by maziyo(m): 12:19pm On Aug 10, 2015
A
Re: BREAKING NEWS: Central Bank Governor Reverts Cashless Policy by lukecent: 12:22pm On Aug 10, 2015
They did not revert it but suspend nation wide roll out of the policy. That's what I read in the news.
Re: BREAKING NEWS: Central Bank Governor Reverts Cashless Policy by chigoizie7(m): 12:23pm On Aug 10, 2015
Emefiele nawa ooh, una no wan make boys de chop these days? Na only una waka come dis country ni?

Create job,una no go fit, but will be busy blocking all ways wey boys for the from flex small. Mtcheeeew








Which way naija?



Make. Go begin find work ooh

1 Like

Re: BREAKING NEWS: Central Bank Governor Reverts Cashless Policy by kingofpool: 1:10pm On Aug 10, 2015
b
Re: BREAKING NEWS: Central Bank Governor Reverts Cashless Policy by hedonistic: 1:30pm On Aug 10, 2015
The so-called cashless policy has been a spectacular failure anyway, so if indeed it has been cancelled I'd say good riddance. From failed POS transactions to failed atm transactions and failed online transfers... even though one's account would be wrongly debited. To return your money will be wahala, and you would then have to fill useless forms and chase the bank endlessly.

For close to a month now I have been battling with Zenith Bank to return my wrongfully debited money that was deducted from my account after a failed POS transaction - to no avail. So if that is the last money I have, how will I feed? Wouldn't I be stranded? Nobody cares. Is that not madness? Useless idiots and hopeless country where nothing works. Cashless policy my foot.

2 Likes

Re: BREAKING NEWS: Central Bank Governor Reverts Cashless Policy by phlemzy: 1:49pm On Aug 10, 2015
This man^^^ is angered. I feel your pain. Nigeria is not really ripe for full online transactions.

1 Like

Re: BREAKING NEWS: Central Bank Governor Reverts Cashless Policy by boujaye: 2:25pm On Aug 10, 2015
eyeview:
I don't believe this yet

its true. heard it on news this morning.
Re: BREAKING NEWS: Central Bank Governor Reverts Cashless Policy by bobbiekrantz: 2:42pm On Aug 10, 2015
So...how will this news help me write my remaining semester examinations? undecided

mtcheeewww!!!
Re: BREAKING NEWS: Central Bank Governor Reverts Cashless Policy by TIMEISWISDOM(m): 2:44pm On Aug 10, 2015
talentarena:
BREAKING NEWS NUGGET- Emefiele reverts cashless policy.

Governor of Central Bank Godwin Emefiele has cancelled the penalty deduction from transactions the exceed deposit and withdrawal limits of the cashless policy. Banks have been asked to refund any such penalty from the past to customers.

http://talentarenaafrica.com/breaking-news-central-bank-governor-reverts-cashless-policy/
Are we going back to 1984 or what anyway Adonbilivit.
Re: BREAKING NEWS: Central Bank Governor Reverts Cashless Policy by RHP(m): 3:03pm On Aug 10, 2015
Armed robbers will rejoice. Plz be wise...
Re: BREAKING NEWS: Central Bank Governor Reverts Cashless Policy by Nobody: 3:07pm On Aug 10, 2015
smh
Re: BREAKING NEWS: Central Bank Governor Reverts Cashless Policy by richard04(m): 3:26pm On Aug 10, 2015
Clueless pipu undecided





Btw, have a look at my signature.
Re: BREAKING NEWS: Central Bank Governor Reverts Cashless Policy by sammyj: 4:37pm On Aug 10, 2015
Just Imagine if PMB has not assumed power from the past government, we would have continued to pay for the scam.
Re: BREAKING NEWS: Central Bank Governor Reverts Cashless Policy by hinwazaka: 4:53pm On Aug 10, 2015
hedonistic:
The so-called cashless policy has been a spectacular failure anyway, so if indeed it has been cancelled I'd say good riddance. From failed POS transactions to failed atm transactions and failed online transfers... even though one's account would be wrongly debited. To return your money will be wahala, and you would then have to fill useless forms and chase the bank endlessly.

For close to a month now I have been battling with Zenith Bank to return my wrongfully debited money that was deducted from my account after a failed POS transaction - to no avail. So if that is the last money I have, how will I feed? Wouldn't I be stranded? Nobody cares. Is that not madness? Useless idiots and hopeless country where nothing works. Cashless policy my foot.
In your words, because there are some hitches in any programme, then it should be scrapped. There is nothing like a 99% success rate. The fact is the cashless policy helped in speeding up transactions among other gains.

1 Like

Re: BREAKING NEWS: Central Bank Governor Reverts Cashless Policy by hedonistic: 5:12pm On Aug 10, 2015
hinwazaka:

In your words, because there are some hitches in any programme, then it should be scrapped. There is nothing like a 99% success rate. The fact is the cashless policy helped in speeding up transactions among other gains.

There should be no room for such costly errors and inconvenience in matters involving one's hard earned money. How can I be struggling for up to a month for my wrongly deducted money to be refunded to my account? So if that's all the money I have at that point in time, I will be begging to eat for that long, while the incompetent bankers will look the other way and leave me to my fate? One whole month? Haba.

If the system hasn't been developed enough to be formidable, such that failed transactions would always be addressed quickly, then we are not ready for such a policy.

My problem with these things in Nigeria is that they would force them on you (when they know it still has many defects) and then expect you to bear the wahala at your own cost. Very annoying, really.

2 Likes

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