HihuhahhuI! I laugh in chinese. This people never baf, if I hear sey I go bank again. GT! make una better close my account before cobweb full am. First thing tomorrow I go go market buy new asusu to save my money with peace of mind before my money become minus. I no sey very soon sef bank go start to call people wey no get money for account make dem come recharge their account like MTN so that dem fit continue to dey commot money - when naija better dem go give you back.

ernecy:
why are these people extorting us lyk this.

Na change o..... until this government suck us dry before them go rest.

[quote author=kachnov post=42217259]Beginning of the end for cashless economy.



Exactly., with all these extortionist financial policies, they should boost local security oh else they just want the armed Robbery sector to experience boom as people will start keeping money at home

.

seangy4konji:
They dont know what the are doing...

You said it ALL in a nut shell.

Only in a jungle nation does a central bank policy get introduced with immediate effect without and deliberation whatsoever

Emefiele the rogue governor is trying to impress Buhari with all these crap policies especially when he has a rookie / new ie Minister of Finance by his side as Chief monitor as well

Expect more motor park / knee jerk policies from CBN where everyone but none are departmental Dirrctors on salaries doing nothing but attend meetings and eat doughnuts and puff every other day

God help Nigeria ooo

"That's what happens when people in strategic positions think backwards. Will you blame them, when all they specialize in is how best to aid politicians to loot funds abroad" WORD

kay29000:
Well, to me, one naira on a thousand ain't that much.

So, why do you think it shouldn't be free?

the part i dont get is that almost all these people making noise about the negotiable N1/mille maintenance charge have been happily paying N5/mille COT for many years...now that the burden has been reduced by N4/mille, we are making noise and calling CBN/CBN governor/FGN names

in simple terms, COT at N5/mille translates to the bank taking N500 + 5% tax from your account every time you withdraw 100k. Now however, the bank can only take a maximum of N100+5% tax from your account and even that amount can be negotiated downwards which is why the CBN called it negotiable!!!! but we are making noise and calling everybody names... i really don't get it