I woke up this morning to realize that the new CBN directive to collect an additional N50 per POS transaction over N1000 is worrisome and senseless. Take, for example, you request for service worth N3000 and per an extra N50.

You have gotten N3000 worth in value and dashed out N50 to "Who"? It is heartbreaking to hear that the cashless policy in Nigeria has now become a new source of the money-spinning venture.

I want to believe there are about 2 Million POS transactions Nationwide in Nigeria daily. So do the arithmetics, you will be racking in N100M on a daily basis. What for?

It's an interesting country where we leave in because our docility has been seen to be stupidity.