Connect with us

Published

on

banner

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.

Advertisement

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.

Advertisement

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.

Advertisement

“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.

Advertisement

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?”

Advertisement

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”.

Advertisement

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.

Advertisement
banner
Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

BREAKING ; Atiku’s Son dumps PDP defects to APC, vows to work for President Tinubu’s reelection

Published

on

banner

BREAKING ; Atiku’s Son dumps PDP defects to APC, vows to work for President Tinubu’s reelection

The Son of Abubakar Atiku Abubakar, former Vice President and 2023 Peoples Democratic Party (PDP) presidential candidate, Alhaji Atiku Abubakar, dumped the PDP and pledged to work for President Bola Ahmed Tinubu’s re-election in 2027.

Advertisement

Abubakar, popularly known as Abba, formally announced his defection to the APC at the National Assembly, where he was received by the Deputy President of the Senate, Senator Barau Jibrin, with APC leaders from the North-East.

Party leaders described the move as a significant boost to the APC’s consolidation efforts ahead of the next general election, given Abba’s political network and grassroots organisation.

Advertisement

Announcing his resignation from the PDP, Abba said the decision was informed by his conviction in the leadership style of Senator Barau and the policies of the Tinubu administration.

Advertisement
banner
Continue Reading

News

Eight persons killed, others injured in another fatal road accident

Published

on

banner

Eight persons killed, others injured in another fatal road accident

Eight persons died while three others were injured in a road traffic crash along the Potiskum–Dogon Kuka carriageway in Yobe.

Advertisement

The Yobe Sector Commander of the Federal Road Safety Corps (FRSC), Mr Andrew Longkam, confirmed the incident on Thursday.

He said the crash occurred around Gaggaba on the Potiskum–Dogon Kuka axis at about 12:40 hours.

Advertisement

“Preliminary reports from Dogon Kuka Unit Command show the incident was promptly reported to the corps,” Longkam said.

FRSC operatives arrived within five minutes, enabling swift rescue, evacuation of victims, traffic control, road clearance and prevention of secondary crashes.

Advertisement

The crash involved a white Howo trailer, registration DAL 963YY, and a white Mitsubishi Canter, registration NNR 437XA.

“Twelve adult males were involved, with eight fatalities and four rescued, including three injured and one unhurt,” he said.

Advertisement

The injured and deceased were taken to Government General Hospital, Dogon Kuka, where the injured received prompt medical attention.

Longkam said the FRSC tow truck cleared the obstruction, restored traffic flow and notified the Police Motor Traffic Division in Dogon Kuka.

Advertisement

“Preliminary findings indicate the Mitsubishi Canter, suspected to excessive speeding, committed a route violation and crashed into the trailer,” he said.

He said excessive speed and route violation were suspected causes, adding that investigations were ongoing to determine the exact circumstances.

Advertisement

The sector commander urged motorists to avoid speeding, route violations and unsafe practices, assuring continued enforcement, emergency response and public education across the state. (NAN)

Advertisement
banner
Continue Reading

News

Atiku finally breaks silence after his Son defects to APC

Published

on

banner

Atiku finally breaks silence after his Son defects to APC

Former Vice President and Peoples Democratic Party (PDP) presidential candidate, Atiku Abubakar, has addressed his son Abba Abubakar’s decision to join the All Progressives Congress (APC), describing it as a personal choice.

Advertisement

In a statement posted on his X handle, Atiku said, “The decision of my son, Abba Abubakar, to join the APC is entirely personal. In a democracy, such choices are neither unusual nor alarming, even when family and politics intersect.”

He added, “As a democrat, I do not coerce my own children in matters of conscience, and I certainly will not coerce Nigerians.”

Advertisement

The former vice president also highlighted his concerns about the ruling party, saying, “What truly concerns me is the poor governance of the APC and the severe economic and social hardships it has imposed on our people.”

“ I remain resolute in working with like-minded patriots to restore good governance and offer Nigerians a credible alternative that brings relief, hope, and progress.”

Advertisement
banner
Continue Reading

Trending

© 2025, All Rights Reserved | Crime Channels