Bank Cashiers, depositors clash over N20,000 cash withdrawal limits

Published

2 years ago

December 10, 2022

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Bank Cashiers, depositors clash over N20,000 cash withdrawal limits

Some bank customers and staff clashed over the new cash withdrawal limit in Abuja on Thursday.

Earlier in the week, the apex bank in a memo directed that over-the-counter cash withdrawals by individuals and corporate entities must not exceed N100, 000 and N500, 000, respectively, per week. It also directed that only N200 and lower denominations should be loaded into banks’ Automated Teller Machines (ATMs).

According to the memo, the maximum cash withdrawal per week via ATM should be N100,000 subject to a maximum of N20,000 cash withdrawal per day. All new rules take effect from January 9, 2023.

But a visit by Sun newspaper to some commercial banks on Thursday in Abuja saw customers and staff in heated exchanges over the matter.

Many of the depositors vowed to resist the new policy, just as the National Assembly has summoned the CBN management to throw more light on the controversial matter. At the GT Bank in Area 11, a female customer said: “Yesterday, I was told I can’t withdraw more than N100,000, I assumed because you don’t have money but today I am being told I can’t withdraw more than that.

“How can you tell me what to do with my money?”

When another customer reminded her that the policy was from the CBN, to encourage online banking she said: “How can you tell us to do online banking? In this era of fraud? I deliberately don’t do online banking so you can’t tell me what to do”, she screamed.

Another customer who came with her baby said: “This thing you people are doing is not fair. When I came to deposit, did you tell me how much to deposit?”

Another angry female customer lamented: “the poor masses will be the ones to suffer this. A big man can write a cheque and give it to 20 people to withdraw money to bring to them. This policy does not make sense. So how are those in the villages supposed to cope with this policy?”

The situation was calmer at Ecobank, Wuse Market branch, where staff explained to anxious depositors that the implementation of the new rule starts on January 9, 2023.

According to them, “from that day, customers will only be allowed to withdraw only N20,000 per day and N100,000 weekly as directed by the CBN”.

At the Fidelity bank branch located in Wuse as well, the report was the same. The customer care officers said the directive was yet to take effect.

News

Fake Medical Doctor sent to jail for allegedly removing womb causing woman’s death

Published

5 minutes ago

February 26, 2025

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Fake Medical Doctor sent to jail for allegedly removing womb causing Woman’s death

An Iyaganku Magistrates’ Court, Ibadan, on Wednesday ordered the remand of a 55-year-old fake doctor, Moyosore Johnson, in a correctional centre for allegedly causing the death of a woman.

Johnson, whose address was not provided, was arraigned on a four-count charge bothering on conspiracy and accelerating cause of death.

Magistrate Kausarat Ayofe did not take the plea of the defendant for lack of jurisdiction.

She directed the police to return the case file to the Director of Public Prosecution (DPP) for advice.

Ayofe adjourned the case until March 27, for mention.

Earlier, the Prosecutor, Insp. Segun Adegboye, told the court that the defendant committed the offences on July 5, 2024, at about 10.00 a.m, at Apata Igbala Hospital Iseyin, Oyo State.

Adegboye alleged that the defendant unlawfully accelerated the cause of the death of one Badirat Adebayo, 26, by carrying out surgery on her.

He alleged that the defendant removed Adebayo’s womb, which led to her death.

According to the prosecutor, the offences contravene Sections 516 and 319 of the Criminal Laws of Oyo State, 2000.(NAN)

News

Group seeks support for military to capture Bello Turji, other Terrorists

Published

1 hour ago

February 26, 2025

olalekan

Group seeks support for military to capture Bello Turji, other Terrorists

The North-West Youths for Peace and Development (NWYPD), a non-governmental organisation, has called for the suppprt of the people in the region for the military in its renewed onslaught against Bello Turji and other terrorists in the region.

The Coordinator of the group, Salihu Bello, made the call while addressing newsmen on Wednesday in Abuja.

Bello also urged the people to show appreciation to the Armed Forces of Nigeria for its relentless efforts to tackle the activities of Bello and other bandits.

‘The military needs our to restore peace and order in the North West.

“While our region is seeking ways to advance economically, here we are dealing with forces of retrogression, people who don’t want our region to make progress.

“Unfortunately they are our people. How did we get here? Who are the people directly or indirectly supporting them?

“The North-West Youths for Peace and Development commend the Gen. Christopher Musa led Armed Forces of Nigeria for what is been done to restore peace in our region.

“We once more appeal to our people to support the military,” he said. (NAN)

Crime

How Woman reportedly defiled Teenage Boy on several occasions in her apartment

Published

2 hours ago

February 26, 2025

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How Woman reportedly defiled Teenage Boy on several occasions in her apartment

Idris Mariam, 29, has been placed under detention by an Ogun State Magistrate Court in Ago-Iwoye for the sexual assault of a 14-year-old child (name withheld) at the Muslim High School Area of Ago-Iwoye.

Since December 23, 2024, Mariam has engaged in eight illegal sexual encounters with the survivor in her chamber.

Dyke Ogbonnaya, the spokesperson for the Nigeria Security and Civil Defence Corps (NSCDC) Ogun State command, signed the statement on Tuesday.

Ogbonnaya revealed that the survivor’s mother had informed the command about the occurrence.

He revealed that the defendant, who is facing charges under Section 32 of the Child Rights Law of Ogun State, Nigeria 2006, has been remanded at the Nigeria Correctional Centre in Ijebu-Ode for a period of 60 days.

Ogbonnaya said, ”The survivor, in the course of investigation, opened up that the defendant has been having these sexual assault with him since December 23, 2024 for successive eight times.

“After the completion of investigation, a motion for ex parte to remand the defendant at the Nigeria Correctional Centre, Ijebu-Ode, for 60 days was filed by the legal team of the State Command at Ago-Iwoye Magisterial Court.”

The NSCDC spokesperson confirmed that the court, under the presiding judge His Worship O.F. Adeduntan (Mrs.), granted the Corps’ request to remand the defendant.

Additionally, the case file has been sent to the Department of Public Prosecution (DPP) at the Ogun State Ministry of Justice in Oke-Mosan, Abeokuta, for further legal guidance.

In a separate statement, the Corps State Commandant, Remilekun Ekundayo, issued a firm warning against any form of indecent conduct or inhumane treatment, stressing that such actions will not be tolerated in Ogun State.