"The whole thing reeks of a desperate move to generate revenue" - Don Jazzy reacts to CBNs plan to charge on deposits, withdrawals above 500k

Posted by E.L.E.X on September 18 2019 under Celebrities

The Central Bank of Nigeria (CBN) just announced that the full implementation of the cashless policy will become effective from March 31, 2020.

In the circular titled: “Re: Implementation of the Cashless Policy,” that was addressed to all banks, it announced the commencement of charges on deposits in addition to already existing charges on withdrawals.  

According to the circular, the charges, which take effect from today, would attract three per cent processing fees for withdrawals and two per cent processing fees for lodgements of amounts above N500,000 for individual accounts.  

Reacting to the proposed development, Don Jazzy wrote, 'my dear the whole thing just reeks of a desperate move to generate revenue. When they load their own stolen money in the bank, they don’t care whatever charges they have to pay'.

YOU MAY ALSO LIKE

Actress Aisha Lawal has been forced to release a video to counter reports that she died during childbirth (PHOTO)

U.S court dismisses fraud case against Hushpuppis co-defendant, Mr Woodberry

SO CUTE! Davido’s Daughter, Imade Wishes Tiwa Savage’s Son A Happy Birthday As She Calls Him “Bestie”

Falz Experience to begin showing and its guaranteed to blow your mind

Zlatan Ibile’s Girlfriend Begs EFCC To Release Her Boyfriend

Comments

Add Comment

All fields are required!