I receive an email from StanbicIBTC bank this evening announcing the surprising partial implementation of the APC-Government's CBN Policy on cash deposits and cash withdrawals in Nigeria. According to the newsletter, the policy is effective (today) 18 September 2019 only in Lagos, Ogun, Kano, Abia, Anambra, Rivers states and the FCT. Read below:

Dear Valued Customer,

The Central Bank of Nigeria (CBN) in its recently released circular on the implementation of the cashless policy has stated that in addition to already existing charges on cash withdrawal, charges will now apply on Naira cash deposits in Lagos, Ogun, Kano, Abia, Anambra, Rivers states and the FCT. This directive from the CBN is effective 18 September 2019. The CBN also confirmed that Nationwide implementation will take effect from 31 March 2020. Please see below the applicable charges; (image attached).


This got me wondering, 2 states in the west (Lagos & Ogun), 2 states in South East (Abia & Anambra), 1 to the South-South (Rivers) and only 1 from the North? FCT is a common ground I suppose. Does anyone know why the North is almost overtly exempt?

When does equity, Federal Character and all those other gimmicks apply??