Risingblue008:
This stupid law is going to affect hundreds of business financially oo
Just like we that owns a bet-shop,.
Then how do we pay customers that won above 1/2 million?
So na story we want to dey tell Dem now abi?

Transfer

Parachoko:
Yes!!

OK sur

Ekejoestar:




So following your logic, Jesus Christ who dinned with prostitutes and tax collector is also a sinner cos of the caliber of people that eat from the same table as Him,you are not even telling us how He was fingered as being a part of/involved in the fraud
Sense is indeed far from urchins.

Lol the joke is on you.

Go and lick microphone

It's obvious he has lost his sense to urchins

OgaTheTop2:
Any measures that would discourage vote buying and money hoarding is welcome. Haters can hang

Already the new notes had been printed secretly in large quantity that is y is yet to circulate,this apcshit govt don't do things in favour of d the Nigerians masses,they are only playing to d gallery. Fear politician CBN policy can stop vite buying it will rather bounce back on Innocent poor masses

Sammy07:



Make them dey deceive each other.

If dangote, OTedola, Uba and wealthy people in Nigeria needs 50m cash, they know how to get it, talk less of politicians

you are very right including the three major contestant

Who talk say na today e resume?

About 3weeks ago when I went to make cash withdrawal of 180k over the counter, I was told I can't withdraw that much amount of cash in a day anymore.

had to rewrite my withdrawal slip for a lower amount.

Upworkwriter007:
Since it's 500k/week for an account, and not per BVN. I own five accounts, that's 2.5m for me. BTW, you think vote buyers won't still access cash?

It will in no any means affect vote buying as far as Nigerians politicians is concern

adubam:
No big deal 3% of 900k will only make me pay 3% of 400,000 which is 12k to Obidient supporters

While APC supporters will not be charged.

The major issue ain't just the charge on the excess cash. You'd need to state a reason why you need the excess while submitting your TIN (for corporations), Any recognized national means of identity, BVN and the banks GMD/CEO approval is required. Secondly, note that you can only access above the limit (if approval is given) once a month.


It is being linked to BVN so having multiple accounts won't help.

This might greatly reduce kidnapping or ransom money becomes lower as cash won't be readily available and local kidnappers have no know-how to create an untraceable account to receive transfers.

Ekejoestar:




So following your logic, Jesus Christ who dinned with prostitutes and tax collector is also a sinner cos of the caliber of people that eat from the same table as Him,you are not even telling us how He was fingered as being a part of/involved in the fraud
Sense is indeed far from urchins.

Lol the joke is on you.

Go and lick microphone

Tinubu was asked to "TEST" the microphone. He thought they meant "TASTE." English is wicked.

No wonder they encourage Atm use lol transfer pos business Gbe Ra

The limit is not working cause I went to pos to test it and I wasn't restricted or limited. I withdrew 110k and it was approved with my Fidelity card

Risingblue008:
This stupid law is going to affect hundreds of business financially oo
Just like we that owns a bet-shop,.
Then how do we pay customers that won above 1/2 million?
So na story we want to dey tell Dem now abi?

I owns three shops bet9ja. Please which bet you dey do? Who give you this Olodo account? When customer win even let's say 100k do you pay them in cash in your shop? You must be selling 5k daily for your shop from 100k and above, you will collect transfer for my shop.
This policy affects those who wants to withdraw large amount, now tell me why you do have to withdraw all winning into physical cash when you can transfer to customers. Olodo!

Sammy07:



Make them dey deceive each other.

If dangote, OTedola, Uba and wealthy people in Nigeria needs 50m cash, they know how to get it, talk less of politicians

Don't mind them.

MrBroke:
The limit is not working cause I went to pos to test it and I wasn't restricted or limited. I withdrew 110k and it was approved with my Fidelity card

The last time I checked, 110k is still less than 500k, the max withdrawal for individuals per week

Risingblue008:
This stupid law is going to affect hundreds of business financially oo
Just like we that owns a bet-shop,.
Then how do we pay customers that won above 1/2 million?
So na story we want to dey tell Dem now abi?

Some of you are misunderstanding this policy. That your customer that won above 1/2 million doesn't need cash. You can easily make a transfer. You can't withdraw it in cash using the bank or pos. I hope I have been able to explain it to you?

Confused country

tiswell:
not effective yet

who told u so..?

Upworkwriter007:
Since it's 500k/week for an account, and not per BVN. I own five accounts, that's 2.5m for me. BTW, you think vote buyers won't still access cash?

dey deceive yourself. One bvn links all your 5 accounts, so Na 500k per week.for all your five accounts.

blacksam01:


who told u so..?

I know so,as I experienced normal withdrawal today

tiswell:
I know so,as I experienced normal withdrawal today

how.much did u withdraw...less than 100k..?

jrobbins:


The major issue ain't just the charge on the excess cash. You'd need to state a reason why you need the excess while submitting your TIN (for corporations), Any recognized national means of identity, BVN and the banks GMD/CEO approval is required. Secondly, note that you can only access above the limit (if approval is given) once a month.


It is being linked to BVN so having multiple accounts won't help.

This might greatly reduce kidnapping or ransom money becomes lower as cash won't be readily available and local kidnappers have no know-how to create an untraceable account to receive transfers.

With time (most especially after the election); it will be relaxed.

blacksam01:


how.much did u withdraw...less than 100k..?

more than

SLAP44:
We dey here

aswear
We no dey ooo

clockwisereport:
The last time I checked, 110k is still less than 500k, the max withdrawal for individuals per week

Daily limit is 100k

Cbn8didnt print enough cash reason for new law submit doing anyone good

MrBroke:

Daily limit is 100k

said who? Weekly limit is 500k

clockwisereport:
said who? Weekly limit is 500k

Okay, am going go try it and see

Risingblue008:
This stupid law is going to affect hundreds of business financially oo
Just like we that owns a bet-shop,.
Then how do we pay customers that won above 1/2 million?
So na story we want to dey tell Dem now abi?

make transfer

MrBroke:
The limit is not working cause I went to pos to test it and I wasn't restricted or limited. I withdrew 110k and it was approved with my Fidelity card

the limit is #500000

tiswell:
more than

wbich bank is that..lemr rush therr tomorrow.?

Either you are withdrawing over the counter or through the ATM, the summary of the whole matter is that the banks have not been given enough new notes to service customers.

But most Nigerians will be suspecting, blaming, and fighting innocent bankers instead of calling out CBN/FGN for this greatest heist that Nigerians are yet to realise

We have been scammed

Upworkwriter007:
Since it's 500k/week for an account, and not per BVN. I own five accounts, that's 2.5m for me. BTW, you think vote buyers won't still access cash?

.
Is it really per account?