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Nairaland Forum / Nairaland / General / Business / Stanbic IBTC Bank Begin Charges On Naira Cash Deposits (475 Views)
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Stanbic IBTC Bank Begin Charges On Naira Cash Deposits by Sanchez01: 9:34am On Sep 19, 2019 |
We have a huge problem on our hands! I received a text message from Stanbic IBTC this morning that it has commenced, with immediate effect, charges on Naira cash deposits in Lagos, Abuja, Ogun, Kano, Abia, and Rivers State.
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Re: Stanbic IBTC Bank Begin Charges On Naira Cash Deposits by cenaman(m): 9:37am On Sep 19, 2019 |
Sanchez01:why only 6 state? |
Re: Stanbic IBTC Bank Begin Charges On Naira Cash Deposits by Sanchez01: 9:44am On Sep 19, 2019 |
cenaman:I sincerely have no idea. Although the initial report mentioned that it would be a nationwide thing by March 2020, it didn't say anything about those six states other than a 3% charge for lodgments on sums above N3 million. My best guess is that the CBN chose the states based on their banking activities. We have a horrible economy, yet we are going the American way in banking. This policy is anti-people. |
Re: Stanbic IBTC Bank Begin Charges On Naira Cash Deposits by cenaman(m): 9:52am On Sep 19, 2019 |
Sanchez01:Honestly every system in the country is going backward. |
Re: Stanbic IBTC Bank Begin Charges On Naira Cash Deposits by Sanchez01: 10:01am On Sep 19, 2019 |
cenaman:The system is designed to fail. Either deliberately or otherwise. 1 Like |
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