GOOD NEWS! CBN Orders Banks To Refund Withdrawal Charges To Customers

Date: 10-08-2015 6:22 am (8 years ago) | Author: Mister Jay Wonder
[1] 2
- at 10-08-2015 06:22 AM (8 years ago)
(m)

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.

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Posted: at 10-08-2015 06:22 AM (8 years ago) | Addicted Hero
- Alasi1 at 10-08-2015 06:34 AM (8 years ago)
(m)
Owkay, Next...?




####
Posted: at 10-08-2015 06:34 AM (8 years ago) | Newbie
Reply
- PoliticxGuru at 10-08-2015 07:34 AM (8 years ago)
(m)
this is good, I would be raking up to N500,000 within D last three years, GTbank here in D North are just bunch of lunatic, syphoning people's money and there's notin u can do buh a day is coming they will pay dearly for their crimes
Posted: at 10-08-2015 07:34 AM (8 years ago) | Hero
Reply
- donkagawa at 10-08-2015 07:39 AM (8 years ago)
(m)
Nyc inniciative
Posted: at 10-08-2015 07:39 AM (8 years ago) | Upcoming
Reply
- dis4real at 10-08-2015 08:18 AM (8 years ago)
(f)
Bring all my money gtbank and coo
Posted: at 10-08-2015 08:18 AM (8 years ago) | Upcoming
Reply
- beneno at 10-08-2015 08:34 AM (8 years ago)
(m)
ok
Posted: at 10-08-2015 08:34 AM (8 years ago) | Addicted Hero
Reply
- ignis99 at 10-08-2015 09:04 AM (8 years ago)
(m)
that's good news, I pray they will implement it
Posted: at 10-08-2015 09:04 AM (8 years ago) | Gistmaniac
Reply
- Fashoney at 10-08-2015 09:20 AM (8 years ago)
(m)
Yesssss...d day of my harvest is here,oya starting from Gtbank,fidelity,fcmb,and zennit,I need all my withdrawal charges nowwwwwwwww!
Posted: at 10-08-2015 09:20 AM (8 years ago) | Gistmaniac
Reply
- gogoman at 10-08-2015 09:41 AM (8 years ago)
Online (m)
ooh really
Posted: at 10-08-2015 09:41 AM (8 years ago) | Grande Master
Reply
- Patrick1215 at 10-08-2015 09:42 AM (8 years ago)
(m)
Just can't  wait to have my money back.
Posted: at 10-08-2015 09:42 AM (8 years ago) | Newbie
Reply
- OlasubomiD at 10-08-2015 09:45 AM (8 years ago)
(f)
On your own
Posted: at 10-08-2015 09:45 AM (8 years ago) | Upcoming
Reply
- christianity at 10-08-2015 11:49 AM (8 years ago)
(m)
story for d gods
Posted: at 10-08-2015 11:49 AM (8 years ago) | Gistmaniac
Reply
- blogger212 at 10-08-2015 11:53 AM (8 years ago)
(m)
Even people wey no qeh account qo dey folo comment "I can't wait to qet my money bak" which money...


Yeye dey smell jare...
Posted: at 10-08-2015 11:53 AM (8 years ago) | Newbie
Reply
- blogger212 at 10-08-2015 11:59 AM (8 years ago)
(m)
Even some som pple wey no knw wetin b account or debit sf dey comment gtbank qimme bak my money...


Wonders shall neverend......
Posted: at 10-08-2015 11:59 AM (8 years ago) | Newbie
Reply
- SOGaiya at 10-08-2015 12:24 PM (8 years ago)
(m)
alrite
Posted: at 10-08-2015 12:24 PM (8 years ago) | Gistmaniac
Reply
- winace at 10-08-2015 02:46 PM (8 years ago)
(f)
At least dats a goodnews.
Posted: at 10-08-2015 02:46 PM (8 years ago) | Addicted Hero
Reply
- Danas1 at 10-08-2015 03:52 PM (8 years ago)
(m)
Good development
Posted: at 10-08-2015 03:52 PM (8 years ago) | Upcoming
Reply
- elchymo at 10-08-2015 05:06 PM (8 years ago)
(m)
Ok
Posted: at 10-08-2015 05:06 PM (8 years ago) | Hero
Reply
- chealseafc at 10-08-2015 05:51 PM (8 years ago)
(m)
Quote from: PoliticxGuru on 10-08-2015 07:34 AM
this is good, I would be raking up to N500,000 within D last three years, GTbank here in D North are just bunch of lunatic, syphoning people's money and there's notin u can do buh a day is coming they will pay dearly for their crimes

o boy, so you dey north and u no dey update us abt BH?.
you take style wicked oh!. Grin Grin Grin Grin Grin Grin Grin Grin Grin Grin Grin Grin Grin Grin Grin Grin Grin Grin
Posted: at 10-08-2015 05:51 PM (8 years ago) | Gistmaniac
Reply
- chealseafc at 10-08-2015 05:53 PM (8 years ago)
(m)
so atlas, i will get my money back from this their upcountry transfer?.
CBN i thank una oh!.
but na to pay the money back go come be problem now.
Posted: at 10-08-2015 05:53 PM (8 years ago) | Gistmaniac
Reply
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