izzou:

While CBN is charging you 2% for deposits over 500k, FIRS is warming up to charge you for internet transactions

VAT is warming up to be 7.2%

Minimum wage still no enter 100$

Issokay

By 2023, all of us will be alllllllrrrriiiiggghhhhhttt


Haq Haq Haq

izzou:

While CBN is charging you 2% for deposits over 500k, FIRS is warming up to charge you for internet transactions

VAT is warming up to be 7.2%

Minimum wage still no enter 100$

Issokay

By 2023, all of us will be alllllllrrrriiiiggghhhhhttt


Haq Haq Haq

post=82348843:

Mba, we no go gree lailai.

izzou:

While CBN is charging you 2% for deposits over 500k, FIRS is warming up to charge you for internet transactions

VAT is warming up to be 7.2%

Minimum wage still no enter 100$

Issokay

By 2023, all of us will be alllllllrrrriiiiggghhhhhttt


Haq Haq Haq

BlueRayDick:
But the policy says cash withdrawal and deposits amounting to 500k or more now

The policy is straight and simple.

What it is saying is that if u want to make a cash withdrawal of 500k then you should be ready to pay 15k as charges.

Also if you want to deposit 500k then u should be ready to add extra 10k on it as charges.

Now the question is why?

The answer is beacuse the government is trying to encourage a cashless economy.

So how do you avoid this penalty?

Simple! Don't withdraw cash in excess of 500k to pay anybody, rather collect their account number and transfer the cash to them. Also if someone wants to pay u 500k don't collect it since u know u can't keep it in the house but will take it to bank who will then charge u for the deposit. Instead, tell the person to use Ur POS or transfer to Ur account or they pay u tru USSD.

This way, the cashless policy will be implemented.

Why person go withdraw 500k cash for this present age? Who u wan use am pay wey no get account?

Except I'm missing something here o

Doctorfitz:
Lols.withdraw 450k and come back for d balance

Una never see anything.. Next level...

Country weh fit vote buhari ,vote tacha.na country b that?

izzou:

While CBN is charging you 2% for deposits over 500k, FIRS is warming up to charge you for internet transactions

VAT is warming up to be 7.2%

Minimum wage still no enter 100$

Issokay

By 2023, all of us will be alllllllrrrriiiiggghhhhhttt


Haq Haq Haq

airsaylongcon:


And when all these alternate channels decide to fail simultaneously as is the norm? And u are stuck trying to tell Emeka in computer Village that you really want to buy the iPhone 11

Cutehector:
How many people here perform transactions more than 500k? Even those having only 1k in there account will be complaining.

post=82348843:

Mba, we no go gree lailai.

BlueRayDick:


So u mean u will take over 500k in cash to computer village to buy iphone 11? Like seriously?

Even if u want to, this new policy will make Emeka reason that it won't be a wise decision to collect over 500k in cash from you since he will be charged by the bank when he decides to lodge it in his account. Hence, he will insist u make transfer or use POS.

wabbyland:


what about the endless bank fees for transfers, maintenance etc? after transferring to and from, won't I need to withdraw for business, hospital payment and many other things? this government is just deliberately sucking people of their hard-earned money.

BlueRayDick:
But the policy says cash withdrawal and deposits amounting to 500k or more now

The policy is straight and simple.

What it is saying is that if u want to make a cash withdrawal of 500k then you should be ready to pay 15k as charges.

Also if you want to deposit 500k then u should be ready to add extra 10k on it as charges.

Now the question is why?

The answer is beacuse the government is trying to encourage a cashless economy.

So how do you avoid this penalty?

Simple! Don't withdraw cash in excess of 500k to pay anybody, rather collect their account number and transfer the cash to them. Also if someone wants to pay u 500k don't collect it since u know u can't keep it in the house but will take it to bank who will then charge u for the deposit. Instead, tell the person to use Ur POS or transfer to Ur account or they pay u tru USSD.

This way, the cashless policy will be implemented.

Why person go withdraw 500k cash for this present age? Who u wan use am pay wey no get account?

Except I'm missing something here o

BlueRayDick:
But the policy says cash withdrawal and deposits amounting to 500k or more now

The policy is straight and simple.

What it is saying is that if u want to make a cash withdrawal of 500k then you should be ready to pay 15k as charges.

Also if you want to deposit 500k then u should be ready to add extra 10k on it as charges.

Now the question is why?

The answer is beacuse the government is trying to encourage a cashless economy.

So how do you avoid this penalty?

Simple! Don't withdraw cash in excess of 500k to pay anybody, rather collect their account number and transfer the cash to them. Also if someone wants to pay u 500k don't collect it since u know u can't keep it in the house but will take it to bank who will then charge u for the deposit. Instead, tell the person to use Ur POS or transfer to Ur account or they pay u tru USSD.

This way, the cashless policy will be implemented.

Why person go withdraw 500k cash for this present age? Who u wan use am pay wey no get account?

Except I'm missing something here o

owowa145:

U are talking as if we are at dat level yet. As if the Internet of Things (IOT) is in perfect consideration. As if the needed facilities are well in place. That was how pple suggested the government should chase foreign firms away as if there is sufficient investments in place to employ pple. Lets be guided pls.

Doctorfitz:
Lols.withdraw 450k and come back for d balance

Una never see anything.. Next level...

Country weh fit vote buhari ,vote tacha.na country b that?

9jatriot:
This does not affect online transfers so why the halabolo Even people when non get 50k for account de shout "Enjoy your next level".

The policy is to discourage the use of cash. Why on earth would anyone want to move physical half a million with all the security challenges if the transaction is not under duress or not a clean one.

flemsy15:
so for a withdrawal of 500K, I need to keep aside raw 15K to give Nigerian government that doesn't even care how I make my money after paying other Levie and tax in making d money