Saturday, 22 April 2017

CBN Reverses Cashless Policy, Directs Banks to Refund Deductions

In what could be described as a policy reversal, the Central Bank of Nigeria (CBN) on Friday, suspended its earlier directive on the implementation of cashless policy.

In a circular released on Friday and signed by Dipo Fatokun, director, banking and payments system department, CBN instructed banks to revert to old charges and refund customers who had been debited.

The apex bank said the existing policy before the announcement of the new policy shall remain in place in Lagos, Ogun, Kano, Abia, Anambra, Rivers and Abuja.

CBN had earlier announced new charges on deposit and withdrawals above a threshold of N500,000. It had also directed banks to charge 5% and 10% for deposits and withdrawals above N40m in the corporate category.

The bank had fixed 1.5% and 2% for deposits ranging from N500,000 and N1 million in the individual category.

Here's the circular in full;

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1 comment:

  1. well I kinda don’t know who to ask advice from. So my best friend and roommate met this amazing guy that is head over heels in love with her, he wants to marry her (though she’s not ready) and start a family and all that, the only catch is that he LOVES having sx. Not like 2-3 rounds of sx, but continuous , every single minute of the day she spends with him all he wants to do is have s*x and well my bestie says she’s tired and can’t match his libido.

    So imagine my surprise when one morning I wake up to him knocking on our door when she spent the night at his house, he tells me to dress up and come with him. We get to his house and I’m so excited to see my bestie, he then proceeds to give me weed. Later when they are about to have s*x, me I just slide to the floor and pretend I don’t exist but funnily enough he motions me to come over and I pretend I don’t see it (cause obviously I must be day dreaming) and look away anyways he pulls me to the bed and we end up ... READ MORE


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