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Nairaland Forum / Nairaland / General / Politics / Cbn:: No More N10m Cheques, From Jan 1, 2010 (5489 Views)
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Re: Cbn:: No More N10m Cheques, From Jan 1, 2010 by dfanthom(m): 5:51pm On Dec 15, 2009 |
do hope they keep up their own end of the bargain for check avoidable issues! ![]() |
Re: Cbn:: No More N10m Cheques, From Jan 1, 2010 by CarlosVent(m): 7:26pm On Dec 15, 2009 |
wetin check do dem dis time |
Re: Cbn:: No More N10m Cheques, From Jan 1, 2010 by Nobody: 7:48pm On Dec 15, 2009 |
Story Story |
Re: Cbn:: No More N10m Cheques, From Jan 1, 2010 by Depilot(m): 8:04pm On Dec 15, 2009 |
I honestly like Sanusi, I think he's determined to do his best to strengthen our accounting and financial reporting system in Nigeria. But No more N10M Cheques will not do much; I can trust my Nigerian brothers and sisters that they will find another way to beat this system in a very short period. It is also a better idea for us in Nigeria to always test a system before introducing it to the public. I'm 10000000% sure that this new system has not be properly tested. But yet, it is scheduled to be used starting from Jan 1, 2010. |
Re: Cbn:: No More N10m Cheques, From Jan 1, 2010 by slimes(m): 9:14pm On Dec 15, 2009 |
This doesn't guarrantee anything. The idea would've been a fine for anyone found with more than 10 million cash or more at large. |
Re: Cbn:: No More N10m Cheques, From Jan 1, 2010 by nairapower: 1:13am On Dec 16, 2009 |
It's a welcome development in the banking sector but proper control measures should be put in place to check activities of the fast guys. |
Re: Cbn:: No More N10m Cheques, From Jan 1, 2010 by adamsN: 7:42am On Dec 16, 2009 |
Have they really sat down to consider this cos if this is vulnerable to fraud, we'll have to see many rich men die of heart attack when 10m is illegally withdrawn. |
Re: Cbn:: No More N10m Cheques, From Jan 1, 2010 by mikkyrazzy: 9:02am On Dec 16, 2009 |
Good work Sanusi, but I tell you this ios Nigeria - they will surely find their way around this. |
Re: Cbn:: No More N10m Cheques, From Jan 1, 2010 by rasputinn(m): 1:39pm On Dec 16, 2009 |
At last,we get a good move from Sanusi,,,,,,,,,,,,,after a loooooooong while |
Re: Cbn:: No More N10m Cheques, From Jan 1, 2010 by chelseabmw(m): 1:50pm On Dec 16, 2009 |
This is a welcome development |
Re: Cbn:: No More N10m Cheques, From Jan 1, 2010 by Gettolove(m): 5:59pm On Dec 16, 2009 |
WHATEVER ![]() |
Re: Cbn:: No More N10m Cheques, From Jan 1, 2010 by awunoruv: 8:41pm On Dec 16, 2009 |
The idea is a nice one but a limit for monthly transaction for smaller amount should have been fixed because our guys will completely shift to split transactions.U will now see cheques of N9,999,999.00 10 times for a particular customer/account in a day.After all that figure is less than N10m. |
Re: Cbn:: No More N10m Cheques, From Jan 1, 2010 by chosen04(f): 9:27am On Dec 17, 2009 |
awunoruv: at least it will help stop stealing billions in a day through chq transction?. How many of such chqs can one write and transact in a day? |
Re: Cbn:: No More N10m Cheques, From Jan 1, 2010 by presido1: 9:39am On Dec 17, 2009 |
Cheques are going extinct by 2018 so no big deal |
Re: Cbn:: No More N10m Cheques, From Jan 1, 2010 by Emotivator(m): 10:32pm On Dec 17, 2009 |
our country is simply not yet ripe for such policies. Many Nigerian banks cannot up to this moment replace their old ATM with new ones. How then can they afford to make the right kind of investment in IT and their staff that can guarantee reasonable online security. Am afraid, the policy might still hit the rock! |
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