Vunderkind
Social Member
The cashless policy, an initiative of the Central Bank of Nigeria (CBN) and the Bankers’ Committee aimed at reducing the amount of cash in the system will be extended to 30 more states in the country from today.
The policy which commenced in Lagos state in 2012 was last year extended to Abia, Anambra, Ogun, Kano, Rivers States and the FCT.
However, just like in the states where the policy had been implemented, the central bank last week announced the deferment of charges for individuals and corporate account holders who wish to withdraw cash above the prescribed limits in the 30 states.
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Source: #ThisDay
