The Central Bank of Nigeria (CBN) in agreement with the Bankers Committee has put on hold the roll out of cashless policy exercise nationwide.
The decision is against the background of the plan to embark on infrastructural development in other states such that when it is rolled out, it will be without challenge to customers and to the banking public generally.
Currently cashless Nigeria is running in five States plus the federal capital territory. The states are Lagos, Ogun, Anambra, Rivers and Kano plus Abuja.
“Apart from cash the banking sector has invested a lot of money in building infrastructure to enhance safe transactions on e-payment platform.
“For instance we have the mobile payment and it is working efficiently within and outside the country. We encourage all the customers to migrate a whole lot of their transactions to these platform because it guarantees safety of money”, according to Segun Oloketuyi, managing director/CEO Wema Bank plc while addressing the media after the Bankers Committee meeting held in Lagos.
Others who addressed the media after the meeting include Segun Agbaje, managing director/CEO Guarantee Trust Bank plc, Mary Akpobema, managing director, Enterprise Bank limited, and Ibrahim, Mu’azu, director, corporate communication, CBN.
Agbaje who addressed the issue on domiciliary account as discussed by the committee said the operation of domiciliary account still remain very the same where a customer have vested access to his money.
“It means you can transfers money to and out of your domiciliary account without any restrictions. The only thing that is changed on domiciliary account is payment of cash dollar into your domiciliary account, every other thing remains the same in terms of operation of domiciliary account”, he said.
The committee also discussed issues bothering on delinquent debtors saying they have been receiving responses as they expect. They also agreed to follow up with sanctions to …Read More
Source:: New Mail
