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.


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



The Central Bank of Nigeria (CBN) has ordered
banks in the country to refund charges made
on customers for daily cash withdrawal or
deposits exceeding set limit in the 30 states
that full cashless policy transactions has not
taken place.

Briefing newsmen after the 322 Bankers’
Committee Meeting in Lagos at the weekend,
Mr. Kolawole Balogun, who represented the
Director Banking Supervision Department of the
CBN, Tokunbo Martins said “At the meeting we
agreed that banks should refund the charges
made on customers for withdrawal and
deposits in those states that cashless policy has
not taken place.”

“The cashless policy has officially taken place in
five states and federal capital, Abuja. The states
are Lagos, Abia, Anambra, Kano, Ogun and
Rivers States, as well as the Federal Capital
Territory, Abuja. The CBN has not officially
announced the take off implementation of full
cashless policy in other states other than the
already stated states and federal capital
territory, Abuja, due to some infrastructure
bottlenecks.

“We are allowing ample time for the banks to
deploy adequate infrastructure needed to
support the cashless policy as well as enable
additional sensitization of various bank
customers on the merits of the policy. There
are telecommunication, power and other
problems that are yet to be addressed.”

The CBN has introduced a new policy on cash-
based transactions which stipulates a ‘cash
handling charge’ on daily cash withdrawals or
cash deposits that exceed N150,000 for
Individuals and N1,000,000 for Corporate
bodies. The new policy on cash-based
transactions (withdrawals & deposits) in banks,
aims at reducing the amount of physical cash
(coins and notes) circulating in the economy,
and encouraging more electronic-based
transactions.

Commenting on the names of debtors recently
published by banks, Tokunbo said that the CBN
will sanction the debtors if they refused to
negotiate with their banks on how to pay their
debts.


Source:www.informationng.com/2015/08/cbn-orders-banks-to-refund-withdrawal-charges-to-customers.html

waiting

Gud one, let wait nd see hw it will go

I neva expectrerit

Omo thank God oo...

Chai, waiting for alert.

But if it turns out to be a lie , bro Emefiele, u re in soup.

ok

Do I trust this source?

Ok

To think that this is the same guy that worked with Jonathan, now his brain is working over time, just goes to show that when the head is rotten, the whole fruit don "baje"

xreal:
Do I trust this source?

Check the two sources and read directly from there. You may then be convinced or go through google and type latest news from CBN.

Briefing newsmen after the 322 Bankers’
Committee Meeting in Lagos at the weekend,
Mr. Kolawole Balogun, who represented the
Director Banking Supervision Department of the
CBN, Tokunbo Martins said “At the meeting we
agreed that banks should refund the charges
made on customers for withdrawal and
deposits in those states that cashless policy has
not taken place.”

“The cashless policy has officially taken place in
five states and federal capital, Abuja. The states
are Lagos, Abia, Anambra, Kano, Ogun and
Rivers States, as well as the Federal Capital
Territory, Abuja. The CBN has not officially
announced the take off implementation of full
cashless policy in other states other than the
already stated states and federal capital
territory, Abuja, due to some infrastructure
bottlenecks.

op abeg read wetin u post before u give a title to ur thread...addon already dey happy till i read the above highlighted lines.

Seriously?

Good

Hmmm...I just dey observe

some bank don dey frown at their customers...

I don't know if I should be happy or sad

oghenetega100:
To think that this is the same guy that worked with Jonathan, now his brain is working over time, just goes to show that when the head is rotten, the whole fruit don "baje"

Don't always be too quick to criticize. You have eyes to read, brain to assimiliate and a mind to interpret.

The Central Bank of Nigeria (CBN) has ordered banks in the country to refund charges made
on customers for daily cash withdrawal or
deposits exceeding set limit in the 30 states
that full cashless policy transactions has not
taken place.

Briefing newsmen after the 322 Bankers’
Committee Meeting in Lagos at the weekend,
Mr. Kolawole Balogun, who represented the
Director Banking Supervision Department of the
CBN, Tokunbo Martins said “At the meeting we
agreed that banks should refund the charges
made on customers for withdrawal and
deposits in those states that cashless policy has
not taken place.”

The policy was temporary suspended in 30 states !

I no believe until I see alert

Unblivble!!!

The nose of the man wey dey picture be like '"I smell shumtin"!!!