logo-profile

OTICE

.COM

.NG


Home of Nigeria Latest News and Updated Information
tag-iconNews
tag-iconCashless policy , CBN

CBN apologises, sympathizes with Nigerian People - Cashless policy

user_icon Posted by:
Tiamiyu Saheed Oluwatosin
views-icon Views:
100
like-icon Page likes:
0
dislike-icon Page dislikes:
0
comments-iconComments:
0
calendar-icon Posted on: 2019-10-15 07:36:18
share-icon Share(s):
0
EMEFIELE2



Nigeria’s apex financial institution, the Central Bank of Nigeria (CBN) has apologised to bank customers for the inconveniences the newly introduced cashless policy will cause.

Godwin Emefiele, the Governor of Central Bank, made the apology at the end of the Monetary Policy Committee (MPC) meeting in Abuja on Friday.

He stated this when he was asked of his reaction to the push back from Nigerian People over the return of charges on deposits and withdrawals beyond certain thresholds.

He said, “I sympathize and regret inconvenience cashless policy will cause bank customers.”

DO YOU KNOW >>> Ex-Kogi Deputy Governor, Simon Achuba under House arrest

READ ALSO >>> Falana tells Buhari Government what to do before increasing VAT - Cashless policy

Emefiele, who also spoke on the controversial judgement debt of $9.6 billion awarded to P&ID, maintained that “by the grace of God there is no threat to the reserves…..and we have received presidential approval that those indicted should be prosecuted.”

At the end of the meeting, the MPC retained interest rates at 13.5% as well as other parameters.

Despite the apology, the CBN boss maintained that the policy will progress as announced.

READ ALSO >>> N500, N1000 denominations most commonly counterfeited banknotes – CBN

BREAKING >>> Lampard gives injury update ahead of EPL clash - Chelsea versus Newcastle


For All Nigeria Past Questions Visit www.QUESTION.NG


COMMENTS

NOTE: User comments in this section are, as the name implies, provided by users of this website. The question.ng team is not responsible for, nor do they endorse, any of the information provided here.


NO POSTED COMMENT