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Nairaland Forum / Nairaland / General / Politics / BREAKING News:Central Bank Governor Reverts Cashless Policy (1769 Views)
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BREAKING News:Central Bank Governor Reverts Cashless Policy by MosakuAW(m): 11:03pm On Aug 10, 2015 |
BREAKING NEWS NUGGET- Emefiele reverts cashless policy. Governor of Central Bank Godwin Emefiele has cancelled the penalty deduction from transactions the exceed deposit and withdrawal limits of the cashless policy. Banks have been asked to refund any such penalty from the past to customers. Source:talentarenaafrica.com/breaking-news-central-bank-governor-reverts-cashless-policy/ The Central Bank of Nigeria (CBN) has ordered banks in the country to refund charges made on customers for daily cash withdrawal or deposits exceeding set limit in the 30 states that full cashless policy transactions has not taken place. Briefing newsmen after the 322 Bankers’ Committee Meeting in Lagos at the weekend, Mr. Kolawole Balogun, who represented the Director Banking Supervision Department of the CBN, Tokunbo Martins said “At the meeting we agreed that banks should refund the charges made on customers for withdrawal and deposits in those states that cashless policy has not taken place.” “The cashless policy has officially taken place in five states and federal capital, Abuja. The states are Lagos, Abia, Anambra, Kano, Ogun and Rivers States, as well as the Federal Capital Territory, Abuja. The CBN has not officially announced the take off implementation of full cashless policy in other states other than the already stated states and federal capital territory, Abuja, due to some infrastructure bottlenecks. “We are allowing ample time for the banks to deploy adequate infrastructure needed to support the cashless policy as well as enable additional sensitization of various bank customers on the merits of the policy. There are telecommunication, power and other problems that are yet to be addressed.” The CBN has introduced a new policy on cash- based transactions which stipulates a ‘cash handling charge’ on daily cash withdrawals or cash deposits that exceed N150,000 for Individuals and N1,000,000 for Corporate bodies. The new policy on cash-based transactions (withdrawals & deposits) in banks, aims at reducing the amount of physical cash (coins and notes) circulating in the economy, and encouraging more electronic-based transactions. Commenting on the names of debtors recently published by banks, Tokunbo said that the CBN will sanction the debtors if they refused to negotiate with their banks on how to pay their debts. Source:www.informationng.com/2015/08/cbn-orders-banks-to-refund-withdrawal-charges-to-customers.html
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Re: BREAKING News:Central Bank Governor Reverts Cashless Policy by deadZONE: 11:03pm On Aug 10, 2015 |
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Re: BREAKING News:Central Bank Governor Reverts Cashless Policy by zieraw2005(m): 11:06pm On Aug 10, 2015 |
waiting |
Re: BREAKING News:Central Bank Governor Reverts Cashless Policy by Gerryboy(m): 11:08pm On Aug 10, 2015 |
Gud one, let wait nd see hw it will go |
Re: BREAKING News:Central Bank Governor Reverts Cashless Policy by IamOpemipo(m): 11:09pm On Aug 10, 2015 |
I neva expectrerit |
Re: BREAKING News:Central Bank Governor Reverts Cashless Policy by jaymejate: 11:13pm On Aug 10, 2015 |
Omo thank God oo... Chai, waiting for alert. But if it turns out to be a lie , bro Emefiele, u re in soup. ![]() |
Re: BREAKING News:Central Bank Governor Reverts Cashless Policy by tayoxx(m): 11:15pm On Aug 10, 2015 |
ok |
Re: BREAKING News:Central Bank Governor Reverts Cashless Policy by xreal: 11:19pm On Aug 10, 2015 |
Do I trust this source? |
Re: BREAKING News:Central Bank Governor Reverts Cashless Policy by rildwanullahi(m): 11:21pm On Aug 10, 2015 |
Ok |
Re: BREAKING News:Central Bank Governor Reverts Cashless Policy by oghenetega100(f): 11:33pm On Aug 10, 2015 |
To think that this is the same guy that worked with Jonathan, now his brain is working over time, just goes to show that when the head is rotten, the whole fruit don "baje" 1 Like |
Re: BREAKING News:Central Bank Governor Reverts Cashless Policy by MosakuAW(m): 11:33pm On Aug 10, 2015 |
xreal: Check the two sources and read directly from there. You may then be convinced or go through google and type latest news from CBN. |
Re: BREAKING News:Central Bank Governor Reverts Cashless Policy by yungbillionaire(m): 11:43pm On Aug 10, 2015 |
Briefing newsmen after the 322 Bankers’ op abeg read wetin u post before u give a title to ur thread...addon already dey happy till i read the above highlighted lines. |
Re: BREAKING News:Central Bank Governor Reverts Cashless Policy by Vicadonis(m): 12:11am On Aug 11, 2015 |
Seriously? |
Re: BREAKING News:Central Bank Governor Reverts Cashless Policy by ccollins(m): 1:21am On Aug 11, 2015 |
Good |
Re: BREAKING News:Central Bank Governor Reverts Cashless Policy by Nobody: 3:03am On Aug 11, 2015 |
Hmmm...I just dey observe |
Re: BREAKING News:Central Bank Governor Reverts Cashless Policy by Lanretoye(m): 3:44am On Aug 11, 2015 |
some bank don dey frown at their customers... |
Re: BREAKING News:Central Bank Governor Reverts Cashless Policy by Evergreat2014(m): 6:56am On Aug 11, 2015 |
I don't know if I should be happy or sad |
Re: BREAKING News:Central Bank Governor Reverts Cashless Policy by Nobody: 7:29am On Aug 11, 2015 |
oghenetega100: Don't always be too quick to criticize. You have eyes to read, brain to assimiliate and a mind to interpret. The Central Bank of Nigeria (CBN) has ordered banks in the country to refund charges made The policy was temporary suspended in 30 states ! |
Re: BREAKING News:Central Bank Governor Reverts Cashless Policy by sheymoni(m): 7:29am On Aug 11, 2015 |
I no believe until I see alert |
Re: BREAKING News:Central Bank Governor Reverts Cashless Policy by MeAndYou(m): 7:37am On Aug 11, 2015 |
Unblivble!!! |
Re: BREAKING News:Central Bank Governor Reverts Cashless Policy by saintopus(m): 8:09am On Aug 11, 2015 |
The nose of the man wey dey picture be like '"I smell shumtin"!!! 1 Like |
(1) (Reply)
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