space4

Ad space2

Test 1

SPACE7

space5

space

new space

space6

SPACE6

SPACE5

SPACE8

new space4

new space2

space3

Ad1

Natnudofoods

mtn

Wednesday, September 18, 2019

Don Jazzy Reacts To CBN's Plan To Charge On Deposits, Withdrawals Above N500,000

Nigerian musician, Don Jazzy is not happy following FG's plan to charge huge sums on deposits and withdrawals.
Don Jazzy
 
Following the Central Bank of Nigeria's (CBN) recent announcement that the full implementation of the cashless policy will become effective from March 31, 2020, Nigerians have been reacting.
 

According to the circular, the charges, which takes 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.  
 
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.  
 
Nigerian celebrity, Don Jazzy is not happy with the news as he has taken to Twitter to react.
 
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'.
 
See his post below: 
 

No comments:

Post a Comment