Banks to limit daily withdrawals to N10,000 per day

Charles Novia
14 Jun 2016



Banks to limit daily withdrawals to N10,000 per day


The Banks have asked the CBN to limit daily withdrawals to N10,000 per day from what I have just read. I don't know what these guys smoke before they think of outrageous capers.


The Banks say that there is no more cash in their vaults. That depositors literally have nothing to save anymore and deposit accounts are reading zero. Especially savings accounts.


Nobody is saving anymore.


Save for what na? And from which money will people save?


That fella with the Ear Pain, thinking he was 'showing' his enemies and the rich men in the country blocked the financial sector and took us back to military days of command and control economy.


It was too late before the coots in power realized that they have killed the economy.


Budget has been passed for over a month and nothing has changed. We are still in a 1k, 2k or 5k economy.


In the past, you could ask someone in Nigeria to loan you 50k or 100k and it won't be a problem. But now, thanks to the Ear Patient, the requests for small loans of 2k is as high as the number of mating rabbits in a rabbit pen.


And now, the CBN is toying with limiting daily withdrawals to N10k.


NYSC. Now Your Suffering Continues...


 

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