Thursday, 25 February 2016

Open Counsel To CBN - FOLA DANIEL ADELESI

10 Feb 2016 This Central Bank of Nigeria (CBN) & its leadership is ruining the cashless policy campaign they initiated. You want a cashless economy but you
   1.     Put extreme daily withdrawal limit on account and that affects businesses so some prefer not to take the money to the banks
   2.    Make us pay for ATM cards that are free in some countries.
   3.    Charge N100 card maintenance fee for card that is in the customer’s hand.
   4.    Charge COT on all transactions.
   5.    Charge N50 naira stamp duty on all transactions now. No one understands the essence of this. You get a mail from your bank and implementation takes effect immediately! Who does that, except in Nigeria? And, there are no consequences!
   6.    Charge N65 naira when you use other banks’ ATM 3 times. This charge was reversed by former CBN governor,  Sanusi Lamido Sanusi, who is now
Emir of Kano but has now been reintroduced. The removal of this charge made people use any ATM they found and that reduced queues and the possibility of being robbed at ATM points. When for example, you need to draw N1000 and you have used other banks’ ATM twice before, you may not be able to make the third withdrawal because N65 has to be charged, except you get to your bank’s ATM.
The people who are unbanked – have no banking activity whatsoever – are the people the CBN claims it wants to bring into the system with mobile money. Yet, you are forgetting that illiteracy is not the only reason people didn’t bank. Arbitrary charges are major causes and millions of accounts are going dormant by the day.
Dear CBN, please take a cue from Kenya’s implantation of mobile money where even a market woman transacts business with you without cash.

Learn to consult and orient before ‘instructing banks’ and ‘directing’ immediate implementation of unfriendly laws.
If you refuse to listen, we will, in a manner you can’t imagine, show you that customer is king.
Fola Daniel Adelesi

-          See more at: here
      +234 803 416 3006 
     Source : here
     Another interesting article on this 'NO BANKING DAY' click here , Well in all fairness Mr Fola Daniel Adelesi has said it all, and to me i personally feel its little things like this that we refuse to pay attention to that leads to most economic problems we are faced with today, too many educated people yet we still fail to realize the essence of UNITY and the strength it conveys. I trust myself i won't be entering any bank on that day or doing any transactions and you reading this can also do the same, it shouldn't be hard when your broke ? lols at-least let all this bankers too relax on that day, what do you think guys ? ... Feel free to share this message with your friends and family. Count-down continues www.cafon.org.ng

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