Jestin:
Emiefele should be sacked already. What is this dumb ass still doing there ?

DrChukki:
Emefiele and useless policies...

Daestro3:
Key Points

1. The Central Bank of Nigeria has issued a new directive to banks asking them to charge indemnity on transfers above N 1 million for individuals and N10 million for corporate bodies

2. The new rule also pegged a higher limit on transfers above N200 million for individuals and N250 million for corporate organisations

3. The order is meant to insulate the banks from any loss or risks associated with the transactions and place the liability on the customers



Source: https://www.legit.ng/business-economy/economy/1472876-new-cbn-rule-mandates-bank-customers-indemnify-banks-for-transfers-above-n1-million/

francisjochaim:
hi nairalanders,pls help a soul I wanted to renew my atm on Monday and my mobile app isn't working,pls anyone is willing to help me with small money for this week

2023647776

kuda microfinance bank
a f i

Daestro3:
Key Points

1. The Central Bank of Nigeria has issued a new directive to banks asking them to charge indemnity on transfers above N 1 million for individuals and N10 million for corporate bodies

2. The new rule also pegged a higher limit on transfers above N200 million for individuals and N250 million for corporate organisations

3. The order is meant to insulate the banks from any loss or risks associated with the transactions and place the liability on the customers



Source: https://www.legit.ng/business-economy/economy/1472876-new-cbn-rule-mandates-bank-customers-indemnify-banks-for-transfers-above-n1-million/

REALretep:
Abeg who can explain what this means to a layperson

GerogeI:
Lawyers in the house.
Please can those with sone free time come together in Abuja, Lagos PH and Sue CBN and the banks.

I keep my money in the bank, the bank makes my account porous and unsecure, and fraudsters debit my account. The bank claims indemnity.

I stay in my house, they issue BVN. Fraudster use just BVN to open account in my name on a porous banking platform FCMB. Bank claims indemnity.


I use my cash, CBN say cashless banking. Am forced to do electronic transactions for everything. CBN and bank also want to claim indemnity on a medium they control and insist I must use.

Please, its time to put these idiots before a court. We form an online forum and take turns to catch up and represent the case.

baralatie:

If you transfer from an acct to another acct using a bank channel.in the event money lose it is you that will bear the risk and loss.not the bank that was used to do the transaction.

litigator:



It will certainly be challenged in court and thrown out of the window. I can’t be giving you my money to do business and assume liability for the errors within your system.

But until then, I advise you make a transfer of N999,990 in multiple batches.

Fill 50 of such forms and kill the system with multiple transfer request. If it’s over the counter, the officer at the transfer desk will go crazy with work load.

I honestly suggest we stop appointing CBN Governors from amongst ex-bank staffs. Their loyalty is to the bank and not the masses or the nation at large.

Ofcourse they are also bank shareholders and politicians.

The masses get to suffer for their greed.

Shalom

REALretep:
This may actually be their ultimate goal...to increase cost of transaction (COT) and thus make more money from customers

wolement:
Idon'tt understand this. What does it mean?

litigator:



It will certainly be challenged in court and thrown out of the window. I can’t be giving you my money to do business and assume liability for the errors within your system.

But until then, I advise you make a transfer of N999,990 in multiple batches.

Fill 50 of such forms and kill the system with multiple transfer request. If it’s over the counter, the officer at the transfer desk will go crazy with work load.

I honestly suggest we stop appointing CBN Governors from amongst ex-bank staffs. Their loyalty is to the bank and not the masses or the nation at large.

Ofcourse they are also bank shareholders and politicians.

The masses get to suffer for their greed.

Shalom

Munamoqel:
look for a better lie to blow .so if ATM expires then what ?

Munamoqel:
look for a better lie to blow .so if ATM expires then what ?

Munamoqel:
look for a better lie to blow .so if ATM expires then what ?

francisjochaim:
my mobile app isn't working and I am not telling lies

wolement:
I dont understand this. What does it really mean?

adioolayi:
So,if money hang for air while using Bank's technology...na on my head

Which kain nonsense thing be this..na me develop or own the platform being used to transfer my funds

If dey wan withdraw the cash go deposit am for beneficiary's account...you go talk cashless policy that you can't give such huge cash..

Which kain wahala be this...will this not defeat cashless policy so Na to dey save money inside sakasaka and carry am to beneficiaries bank to make deposit.

Nonsense!