Tag Archives: withdrawals

The Central Bank of Nigeria (CBN) has announced that cash deposits into domiciliary accounts will no longer be restricted.   The statement by the apex bank came after a meeting with the bankers’ committee on Sunday, June 18 as regards guidance to Deposit Money Banks (DMBs).  The guidance includes allowing …

The Nigeria Financial Intelligence Unit (NFIU) has banned all banks from executing demands for cash withdrawals from all public accounts.   Addressing newsmen on Thursday, December 5, NFIU CEO, Moddibo Haman Tukur, said the decision became necessary to stop the rate at which cash was being taken out of public accounts.   Tukur also …

Gunmen suspected to be armed robbers killed two men at different locations in Ibadan, the Oyo state capital.   One of the victims identified as Femi Olaniyi Adebayo, a 29-year-old graduate of Computer Science and only son of his parents, was gunned down shortly after withdrawing undisclosed amount from ATM of a new generation …