Can you imagine CBN?

This is obviously an evasive statement. Expectedly though

Why don’t they just come out clean and let’s know where we stand

ednut1:
We just like to sensationalize things here. I even thought the charge applied to all the deposits. Even mechanics and petty traders have bank accounts. Why should anyone be carry cash above 500k

ask petrol stations, traders and many businesses

Very confused govt, very confused CBN.

The option is for you not to withdraw cash, transfer the amount to the recipient via bank . You should also pressure your customers to pay direct to your account so as to avoid you from going to bank to make huge deposits which attracts the 2,3 percent charges

What I do It understand is why they selected some states for this practices . The idea would encourage people to travel to another state to make deposit .imagine a business man loosing 2 percent of 500k, what's his profit

using Southerners to play ludo, my question is why exclude Kaduna state that receives more allocation from the cashless policy but included Abia, Ogun and Anambra State, are you saying that a policy that is good for Abia state is not good for Kaduna state? northerners voted in this government so they should also pay tax introduced by this government , when you to share benefits you start from the north

MediaGuru36:



http://igberetvnews.com/1012237/payment-new-deposit-charges-optional-cbn/

Sarcasm thrown at Nigerians... Smh. See as government dey torment citizens

I think what they are saying is for you to avoid the charges simply do not use cash deposits but receive your money by transfers. If you are withdrawing also do so via transfers and non cash methods

That said the banks should know that there are thousands of illiterate Nigerians who would not know how to use these methods. Or doing so may compromise the safety of their money. We have heard cases of others illegally hacking into peoples bank account and making away with their cash

Before we start penalizing cash transactions especially for illiterate traders, we need to first ensure safety and integrity of our online and electronic payment options

This is stupid from emefile, who then is the fool that would opt for percent deduction when its optional.

This is one of their one chance move which they introduce and it starts affecting everyone including those they claim it won't affect at first

I'm highly disappointed in Buhari's administration! I expected more from him but he turned out to be a failure. I believe he knows in and out of the government because he once served as an Head of state. Though it's not easy to fix Nigeria problem but at least we should see his effort and not make life so difficult for everyone.

It is optional by choosing not to do cash transactions above #500000 for individual and #3m for corporate.

DocH:
Optional as in I have to indicate in my deposit/withdrawal slip I want to pay charge or not? Which kind country is this.

So ....if I win bet9ja 31 million naira, how much CBN go remove from the money? We go die there....what rubbish!!!!

My people have a saying and I quote; “no matter how blunt a cutlass is, it should never be given to a mad man!”.
With this one point of mine, I believe it is now audible to the deaf and visible to the blind why a waec certificateless dullard should never again be allowed to make sensitive appointments (nay not even kitchen staff appointments) in this country of ours! Ka Chineke m’eziokwu - may our Heavenly Father expose the frauds

ednut1:
We just like to sensationalize things here. I even thought the charge applied to all the deposits. Even mechanics and petty traders have bank accounts. Why should anyone be carry cash above 500k

Are you a Nigerian at all? Do you not know that some people store money in GeePee tanks, bunkers and soakaways in their houses? Or have you forgotten that someone ordered bullion vans to his house? And Gandollar uses his agbada as bullion van?

If its opcional, then Why did you introduce it.?
That"s a result of acting before thinking



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Foxflames:


ask petrol stations, traders and many businesses

pos dey

will it be possible to fill two tellers of N490k when paying in, will the tellers accept that?

How many people get 500k sef?

DocH:
Optional as in I have to indicate in my deposit/withdrawal slip I want to pay charge or not? Which kind country is this.

Optional in the sense that if you want to pay that 2percent then collect cash worth the value of 500,000 from your customer and then send your sales girl to the bank to pay in but if you dont want to pay tell your customer to transfer direct into your account direct

Where are the states nah, I know Lagos must be the number one there.

Nigerians are funny and wicked, give them 2nd term and they start to show their true colours. Politicians, Technocrats, Bureaucrats, etc, etc, etc.

DocH:
Optional as in I have to indicate in my deposit/withdrawal slip I want to pay charge or not? Which kind country is this.

It means you don;t have to withdraw cash. You can do transfer to the beneficiary;s account. lol

ednut1:
We just like to sensationalize things here. I even thought the charge applied to all the deposits. Even mechanics and petty traders have bank accounts. Why should anyone be carrying cash above 500k

Now let me help you out!

You want to pay direct labourers at your site, these labourers are so poor that, they can haldly operate an account. They demand you pay them their 2,500 naira in cash so they can buy 2 tins of rice, pepper and oil for their hungry family... Would you not rather withdraw the money and pay them so that they can work for you the next day?

Foxflames:


ask petrol stations, traders and many businesses

Even hotels. I deposit over 5m in cash every Monday for my hotel.

I keep saying it, we are led by incompetent buffoons. What manner of response is this from a supposedly national financial regulator

Corporate thief.

What is Nigeria turning into

DocH:
Optional as in I have to indicate in my deposit/withdrawal slip I want to pay charge or not? Which kind country is this.

Optional as in you can do transfer or pay with Pos instead of withdrawing All thst cash

ednut1:
We just like to sensationalize things here. I even thought the charge applied to all the deposits. Even mechanics and petty traders have bank accounts. Why should anyone be carrying cash above 500k

I wonder too.

If I remembered that Saudi Arabia, Kuwait, Angola and co are selling crude oil and using the money to develop their nations. I wonder if we're selling Coconut oil. I can't see the money. No sense country.