Central Bank of Nigeria, aka CBN don start di implementation of cashless policy for Lagos, Ogun, Kano, Abia, Anambra, Rivers States and including Abuja, from Wednesday September 18th, but di main cashless policy for di full Naija go start from March 2020.
According to di statement wey CBN give on Tuesday, Commercial Banks for di states wey dey from dey testing di mic so, go start to charge three per cent processing fees for money wey we withdrawal from awa accounts wey pass N500,000 and anoda two per cent processing fees, if we deposit money wey pass di 500k. dis na in addition to di charges wey banks dey charge us before.
Den for corporate accounts, banks go still charge five per cent, as processing fees for withdrawal and three per cent processing fee for any deposit wey pass N3,000,000.
CBN say dem go do full implementation of dis cashless policy for di full Naija, from March 31, 2020.