Stop and think for a moment that the WEEKLY over-the-counter (OTC) cash withdrawals by individuals and corporate entities would no longer exceed N100,000 and N500,000, respectively. How does this kind of policy directive help individuals and businesses? Why do we often assume that the people who run that CBN know how to manage monetary policies that bring about economic stability and that they are acting in the best interest of Nigerians? How wrong to think so! Just take a look at the humpity dumpity tumbling state of the Naira in the last few years, despite crazy banking and monetary regulations. How have they helped the...

https://www.thenews-chronicle.com/cbn-policy-on-cash-withdrawal-limit-is-a-human-right-violation-of/

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It is a major concern.

It is clear that our money are not ours once it is deposited in the bank.
No activist is going to opposite this though.
No regards for the uneducated majority who would be prey to fraudsters. People would be buying things with fake alert and stolen ATM cards.
Do you know that it is only when you use Nigerian website to but with your card that you get verification? You can use someone else card but pay for software and other stuff from USA website without SMS verification.


https://www.youtube.com/watch?v=RfaIEnw15w0