From January 1, Lagosians Can't Withdraw Beyond N150,000 Cash From Banks - Business - Nairaland
Nairaland Forum / Nairaland / General / Business / From January 1, Lagosians Can't Withdraw Beyond N150,000 Cash From Banks (742 Views)
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| From January 1, Lagosians Can't Withdraw Beyond N150,000 Cash From Banks by Ptimes: 8:33pm On Dec 29, 2011 |
| Re: From January 1, Lagosians Can't Withdraw Beyond N150,000 Cash From Banks by buchio7(m): 9:44pm On Dec 29, 2011 |
please stop spreading false rumors. The cashless project is to encourage more e-based transactions and less of cash transactions.meaning that e-channels e.g.atms,pos,internet banking platforms will be more utilised n less of cash hauls which is expensive . Everyone can withdraw more than 150k across counter , but, it will come at a cost of 100 naira /mille i.e. 100 naira for every 1k withdrawn. |
| Re: From January 1, Lagosians Can't Withdraw Beyond N150,000 Cash From Banks by arbitrage: 9:53pm On Dec 30, 2011 |
That is too much at 100 naira for every 1000 naira. Is the bank going to share such loot with Lagos State govt? |
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