shikshark:
the FG should kuma recruit more fulani herdsmen to kill everyone instead of killing nigerians slow slow with their moronic policies everyday.

This one sense don melt o .
Pls take yourself to psychatric before u enter market

So if I save much money in my bank account, programming to use it for a project,when it matures n I want to withdraw my hard earned money,bank will deduct charges for no just reason. Na God go punish una

Destinylink:
It won't work.

it will work.

Good move

What about online transactions, will this policies affect it?

All these Night Bus Robbers go vexxxxxxxx

Wiseoldman:
This is what is obtainable in most countries we want to travel to in Europe and the America...It's a welcome development.

Because it's obtainable in other countries,it's should be implemented here,why can't Nigerian enact their own monetary policy then copying other countries which are more advanced than it is

Wiseoldman:
This is what is obtainable in most countries we want to travel to in Europe and the America...It's a welcome development.

If you want to buy a trailer load of yams, tell that to them in the village.

The policy is not practicable as a large part of business is still carried out informally.

The largely illiterate deep North will suffer greatly.

veekid:
My bank sent me something of this nature yesterday, I was like iyaayin

Freshsnoow:
Useless country

Then get out.

only the politicians won't like this policy as they would need raw cash for their campaigns. A n to ri aja ja, aja ni tani o n ja lehinkule oun ni oro awa mekunnu. Nigerians!!!!!!!!

MrPresident1:
Satanic agenda.

God pass all of una

its a, way of generating revenue from the high income earners inform of taxation.
There is nothing evil about it.
The money realised will in turn be remitted into the federal treasury.
It's a good policy if I may say.

Youngzedd:
Why should you carry such huge cash in the first place

The only reason they don't want to embrace Internet banking, mobile banking is from been tracked when they want to launder money.

Embrace cashless policy for the safety of your life and others.


If you're dealings are pure, you shouldn't worry about this policy.


The[b] funnies part is that even those who do not have 1/9 of the said sum are the ones making a lot of noise, I wonder if they didn't read where cash deposit and withdrawal was mentioned.[/b]


Abucha m here.

Yes. But I will still get der, thßts why I'm fighting for my future
I don't know about urs sha, cos this comment sef

willian10:


Yes. But I will still get der, thßts why I'm fighting for my future
I don't know about urs sha, cos this comment sef

The problem with blacks.

No more saving in banks again

lakesider:


This one sense don melt o .
Pls take yourself to psychatric before u enter market

ZOMBIE SPOTTED!!!.......u cant really understand how the policy affects travel agents as you may still be struggling to get free mbs from glo

buoye1:
What about online transactions, will this policies affect it?

This policy is only for CASH WITHDRAWAL AND DEPOSIT.

It doesn't affect e-banking.

Na this one dem go quick remember south East.

Notice only Kano for North.

The rest na southern states.

It's a welcome idea we have no business carrying big cash around.

Whatever you want to do that involves big money withdraw it in instalments or pay them in instalments.

Everyone should be encouraged to have a bank account, ATM cards, Be involved in Internet and mobile banking.

Every Store selling expensive items should get a POS.

Instead of juicy incentives to save with the banks, commercial bank of Nigeria (CBN) wants to charge people to save instead,

Banks will beg people to come back and bank with them but it will be too late.

This idea is good, but the implementation will be woeful.
Nigerian financial institutions are still in the stone age.

Youngzedd:


The problem with blacks.

The problem with blacks is dreaming big
U are the black with a problem bro, because it doesn't affect u, u kept mute

If k wan put 1m for bank na to deposit am 3x nah 400k + 400k + 200k... Naija no d dull

life is not fair... How worst can it be

Youngzedd:
Why should you carry such huge cash in the first place

The only reason they don't want to embrace Internet banking, mobile banking is from been tracked when they want to launder money.

Embrace cashless policy for the safety of your life and others.


If you're dealings are pure, you shouldn't worry about this policy.


The funnies part is that even those who do not have 1/9 of the said sum are the ones making a lot of noise, I wonder if they didn't read where cash deposit and withdrawal was mentioned.


Abucha m here.

Track which money laundering?

With all the evidences pmb has, still no single conviction.

Rubbish.

SillyeRabbit:
Are they saying if I want to deposit 5Million naira into my bank account, the bank will deduct 150,000 naira? For What?

Why transacting such huge amount of money by CASH? Why not instruct whosoever that wanted to pay you to transfer the money to your account? Bank also have over-the-counter transfer form/instructions and ATM-enabled devices to transfer money from one account to another for people who has fear of using electronic channels or who wanted to transfer beyond the daily limit of e-channels.

Which one is better, to deposit such amount and above by cash and be penalised or deposit it through e-channels/banking and get incentives? I am aware of up to six banks that will credit your account for using their electronic channels (POS, ATM, online and mobile banking, etc) for your transactions. Some, if not all telecom companies will even give credit bonus for recharging electronically.

Above all, the overall aim is for your own good and all financial bank account holders. It protect your money against unforeseen circumstances such as theft, robbery, fire incidents, etc. The worst that can happen to you on electronic transfer is unsuccessful transactions which will take less than 5 working days to be resolve. Even if your money was fraudulently withdrawn, without you initiating it (voluntary/involuntary), it will be refunded. The electronic channels also gave you opportunity to limit the maximum transfer per day per channels so that in case of involuntary withdrawals or withdrawals by third party through your negligence or carelessness, such that substantial amount will not be lost on your account.

SillyeRabbit:
Are they saying if I want to deposit 5Million naira into my bank account, the bank will deduct 150,000 naira? For What?

its 7500 for 500k oga.......1.5% is not 150k

MrPresident1:
Just carry your money go bank divide am to small small portions

Correct guy.

Same way you carry expiry date side for tyre put inside make road safety jack the tyre check date abi?

Mr2kay2:
Thank God lagos is not among

super glue dey your eyes ni? u no see Lagos for the top list
How much even dey ur account sef I need to view am

zubinike:

its 7500 for 500k oga.......1.5% is not 150k

Anyone at least e pass N2k.