Egift's Posts
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PapaBrowne:He is among the few exceptions. But for me, PDP remain a gang of common interest (that interest have root with those whose hands are always in Nigeria's cookie pot). Chime, Amechi and very few others are in my good books for the much they have been able to do. |
10cirenoh: Don't be surprise if more is on its way. This is milking industry. |
What business has Sanusi in people's money? |
….N150,000 for individuals; N200,000 for corporate organisations By Babajide Komolafe From June 2012, individuals that make cash withdrawal or deposit above N150,000 would pay a fine of N100 per extra N1,000, while corporate organisations that make cash withdrawal or deposit above N1 million would pay fine of N200 per extra N1,000. These limits for free cash withdrawal and deposits were part of a new policy aimed at reducing the high usage of cash in the economy announced by the Central Bank of Nigeria, CBN, yesterday. The policy, which would be enforced in Lagos State, Abuja, Port Harcourt, Kano and Aba in the first instance also banned encashment of third party cheques above N150,000 across the counter The policy was contained in a circular signed by Mr Muhammad Nda, Director, Currency Operations Department and addressed to all banks, Cash In Transit (CIT) companies and electronic payment providers. The circular entitled: “Industry policy on retail cash collection and lodgement” stated: “In view of increasing dominance of cash in the economy with its implication for cost of cash management to the banking industry, security, money laundering, etc., the Central Bank of Nigeria, in collaboration with the Bankers Committee, is adopting policies to reduce the high usage of cash, moderate the cost of cash management and encourage the use of electronic payment channels. Consequently, the Central Bank of Nigeria hereby directs as follows: The limits “Commencing from June 1, 2012, a daily cumulative limit of N150,000 and N1,000,000 on free cash withdrawals and lodgments by individual and corporate customers respectively with Deposit Money Banks (DMBs) shall be imposed. To this end, individuals and corporate organisations that make cash transactions above the limits will be charged a penal fee of N100/thousand and N200/thousand respectively for amounts above the cumulative limits. “Contravention of this policy shall attract a fine of five (5) times the amount that the bank waives as a first offender. Subsequently, the bank shall pay ten (10) times the charges waived. “Furthermore, 3rd party cheques above N150,000 shall not be eligible for encashment over the counter. Value for such cheques shall be received through the clearing house. Penalties “If a bank allows 3rd party cheque encashment, it shall be liable to a sanction of 10% of the face value of the cheque or N100,000 whichever is higher. “Banks will cease cash in transit lodgment services rendered to merchant_customers from June 1, 2012. In this regard, customers could engage the services of the CBN licensed cash-in-transit (CIT) companies to aid cash movement to and from their banks at mutually agreed terms and conditions. Contravention of this policy shall attract a fine of N1.0 million per specie movement. “This arrangement shall be in force in Lagos State, FCT, Port Harcourt, Kano and Aba in the first instance. The arrangement shall be extended to other parts of the country at a date to be determined by the Bankers Committee.” “To achieve interoperability of local currency POS transactions, no card scheme, foreign or local, shall operate exclusive acquirer agreement or contract in Nigeria with effect from June 1, 2011. Any payments scheme, processor, switching company, service provider or bank that contravenes this policy may be suspended for a minimum of one (1) month by the CBN as a processor, switching company, service provider etc in the first instance. The license may be withdrawn by the CBN if the contravention is repeated. “This policy shall apply to both private and public sector transactions. All financial institutions including Deposit Money Banks, Savings and Loans, Mortgage and Microfinance Banks shall comply accordingly. “Compliance with the policy shall be monitored by the Banking Supervision Department and the Other Financial Institutions Supervision Department with appropriate sanction applied to erring institutions. “While the Central Bank of Nigeria will make general announcements and carry out public awareness programmes individual banks are expected to do same. The affected customers of banks should be informed in good time by the banks with clear advice on alternative electronic payment channels available to them.” http://www.vanguardngr.com/2011/04/cbn-imposes-limits-penalty-on-cash-transactions/ |
Do add any other you can find. It will serve as a relieve to all the bashing in the house. ![]() |
babaearly:Gbam! I wonder when the moderators will attain to that. |
^^ We here at Enugu are glad security is provided. |
2011 - 2015: All we are saying, more of these. |
Am glad Chime have been re-elected and is extending invitation to all that contested with him to join him in re-building the state. |
We hope here at Enugu look forward to 4 more yrs of better things. https://www.webvaultindex.com/i/attachments/1/1304027966775076_large.jpg |
ezeagu:It has been very successful. People are still subscribing till date. They say its lucrative. But I have noticed others painting their car to the new taxi colour and drive around town looking for passengers, I don't know if their only "hustling". |
[quote author=tpia@ link=topic=652504.msg8225739#msg8225739 date=1304048921]isnt that dokubo asari? ![]() the man is feeding at a good pasture. is he based in nigeria or overseas, cos he's showing evidence of good living.[/quote]I heard he is doing "business" in Abuja. He is feeding well. Who after committing treasonable offenses and end up in a Federal Government Payroll with fat salary and "business" ![]() |
[size=14pt]Arrest Northern Leaders Now or We Attack HAUSAS! Niger Delta Militants to Goodluck Jonathan[/size] |
^^So sad. MEND Should not escalate this. And Jonathan should be man-enough for once and do something meaningful - though I hear he is off to Obudu today for picnic. |
Beaf:Beaf must you be blind when your brother are involved? They clearly said this "vengance and anger on all Hausa and Fulani people we can find inside and outside our region." On the second bold, they are real? You know this because they are your colleagues, GEJ have communed with them in the past or because they are the once on our payroll? Did you remember how you where full of insults when I stated that they would have "vengance and anger on all Hausa and Fulani people we can find inside and outside our region", should Jonathan have lost? |
So because GEJ have no plan for true Federation (unlike Buhari wanted), TheBombArtists now want excuses to do the only thing they know best Blow Things Up while on Government payroll ![]() |
Welcome to Enugu State largest community on Facebook - The Coal City - Join us: http://www.facebook.com/thecoalcity https://www.webvaultindex.com/i/attachments/1/1304027966775076_large.jpg |
Ebi like presido won go take some fresh palmi. |
President Jonathan will be taking a time out to Obudu Mountains in Cross River for a one week holiday to cool off. He is expected to take some key staff along. |
^^ Well Said. https://www.webvaultindex.com/i/attachments/1/1304027966775076_large.jpg Gov. Sullivan I. Chime |
Whenever PDP is loosing out the results will start walking like snails and even start having K-leg. INEC today have declared that the Governorship election in Imo State is inconclusive. |
Any of them (Dora or Ngige) will have made a great senator. Am happy the next administration will be for the people. Let get ready to rumble!!!!! ![]() |
Enugu bu egwu eji. Am delighted. |
Nattlil:Your hero is making Yar'Adua of blessed memory look great. The day Jonathan arrest Buhari, I will build a bungalow for you with on correct Igbo babe. |
Jonathan Arrest Buhari? ![]() In your nightmares. Jonathan dey fearrrrrr. Was it not the same Jonathan that cannot speak while washing plate Madam Turia Yar'Adua ![]() |
THE Action Congress of Nigeria, ACN, and Peoples Democratic Party, PDP, were last night engaged in a war of words over alleged plans to rig tomorrow’s gubernatorial election in seven flashpoint states. The ACN was the first to fire the salvo when it identified Lagos which it presently controls and Ogun, Oyo, Kwara, Akwa Ibom, Benue and Imo as states the PDP was planning to rig it out in tomorrow’s election. Lagos State chapter of the ACN in its dispatch warned that any plan to rig it out of the governance of the state would provoke a reaction that could set the country on fire. PDP chieftains in the seven states were, however, quick to dismiss the ACN’s insinuations in their separate reactions. Kwara State chapter of the PDP said ACN’s insinuation was part of that party’s “normal propaganda scheme,” while the Imo chapter of the PDP described the allegations as another “unchristian, diversionary and baseless” insinuation against the Ikedi Ohakim led PDP administration. Law enforcement agents The Lagos State chapter of PDP on its part called on law enforcement agents to swing into action immediately and arrest whatever plans the ACN was hatching to cause riot in the event it lost tomorrow’s gubernatorial election in the State. ACN’s assertions which were made in a press statement issued by its National Publicity Secretary, Alhaji Lai Mohammed, alleged that the PDP was aiming to rig the election in its favour in the aforementioned states using the cover that victory would be a continuation of the support given the party during the recent presidential election won by its candidate, Dr. Goodluck Jonathan. Mohammed said: “The plank of the PDP’s bravado is that it will ride on the back of the ‘victory’ of President Goodluck Jonathan in the state in the April 16 presidential election.” Full article |
Poor, clueless Jonny ![]() He may actually be providing private security for Buhari. Cos if anything happens to him, no excuses will be entertained. GEJ: 2011 - 2015 www.nairaland.com/attachments/429070_continuity_gif9a707f56000ec259b18a6e5b45cfa2f7 |
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I thought all things PDP were incurably bad??
