MrBroke:

Okay, am going go try it and see

Okay. Update us if you do.

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?

Bet shop no be company ? Dem no get account to transfer 1 to 2 million ?

Bobbiee:
Tinupoo is quaking in his boots. How will he now rent crowd again to compete with Peter Obi?

Politicians can still rent crowds if you do the maths correctly. All they need do is to transfer huge money to many of their cronies who now has about 6weeks for presidential election and 8weeks to governorship election which amount (#3millions and #4millions respectively) per each cronies to settle their wards.

Trust me that's already a lot of money to bribe thousands of people.

And I haven't talked about those monies they already warehoused before today.

Since most political stalwart are symbiotic scavengers, many will even use their own personal funds to rent the crowd knowing fully well they will be compensated with contracts if their candidate wins.

To think polithiefians wouldn't have thought this through, and they will leave anything to chance is at our own peril. They already have all the cash they needed to rent as much crowd as required for the election.

Remember, criminals will always be one step ahead!

You can transfer above the limit.

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?

This cash withdrawal policy is a violation of people's right to earn and spend. There is no reason for this policy except to push a tyrannical agenda that will not benefit Nigerians.

See my recent post on why CBN eNaira and cashless policy is evil here https://www.nairaland.com/7513315/why-cbn-enaira-cashless-policy

A nice one.
Big boys go still cash out from this.
Poor man nor get wahala about cash limit sef.

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.

It will not reduce kidnapping or crime. The high crime rate in Nigeria is as a result of bad economy and unemployment. CBN cash withdrawal limit policy will not benefit Nigerians and the economy.

FalseProphet1:

You do transfer. The policy didn't affect transfers only withdrawals.

trust me. It affected transfers.

I heard a lot of complaints about transfers not going through, especially GTBANK AND ZENITH

It is well

Failed and useless policy.

This is how Emefile destroyed our economy finally.

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?

Transfers don't have limit only withdrawals. Like access bank allows transfers of 5,000,000 per day

The cash withdrawal limit is anti-people.
It is a ploy to control the finances of everybody, and was probably suggested by a foreign or international organization.
It is a potentially dangerous situation. It should not be implemented.

Nonsense

panpan:
The cash withdrawal limit is anti-people.
It is a ploy to control the finances of everybody, and was probably suggested by a foreign or international organization.
It is a potentially dangerous situation. It should not be implemented.

It's all nonsense.

[quote author= post=119862626]
https://lm.?u=https%3A%2F%2Fpunchng.com%2Fcbn-cash-withdrawal-limit-begins-today%2F%3Futm_medium%3DSocial%26utm_source%3DFacebook%23Echobox%3D1673258466-1&h=AT2S7_OOvgnvPeeRrB9AygdPN39IDhwjXfXBq70DaeBp_F7N7x8N3_6tqwsFn-KUmZhgIa_8yq5DgVcoJx8OiqbxWhLoafV7_8YczgusJa2gn4hnemvvKh7focmKZt6byv9L
Nlpfmod
[/quote
All these are just noise making ,why not enforce the availability of the new notes ? We saw it with hackers.

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?

Don't be foolish, make transfer to him

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?

U can transfer the money to the person which is easier.

Good day all

REGISTER YOUR BUSINESS WITH CAC

Are you a
business owner
firm owner
contractor
consultant
NGO/school/church/club owner
self employed or intending to start any business in the future .

Is your business name registered with Corporate Affairs Commission-CAC ?


IF YOUR ANSWER IS NO!
KINDLY DM ME NOW ON WASSAP/CALL 07054810684

BUSINESS ADDRESS.... MAYFAIR GARDEN, AWOYAYA,IBEJU LEKKI, LAGOS

Lets get you registered within 2week @affordable Price.


BENEFITS OF GETTING YOUR BUSINESS/COMPANY REGISTERED WITH CAC

* With the new CBN policy, registering your business will help you to open business/cooperate account and be able to make withdrawal of 5m maximum in a week without being charged unlike individual account,you can only withdraw 500k in a week.

* Safaguading your business/company name from being used by others.

*. Registered business name can get you a contract from government

*. Issuance of certificate of incorporation by CAC

*. It serves as an assurance to your client that you are doing a legitimate business

*. Business trip to other country etc

..