Kidnapping, which has become a menace in Anambra State, is one of the evils that the cash-less policy will eliminate, the Deputy Governor, Central Bank of Nigeria, Mr. Tunde Lemo, said on Thursday in Awka.
Lemo, who said this when he paid a visit
to Governor Peter Obi, noted that the policy would plug leakages in
government treasury.
The CBN deputy governor said the policy
was part of measures taken to stabilise the country’s growth as well
check mass movement of cash.
He said with effect from July 1,
individuals would not be allowed to withdraw more than N150,000 in cash,
while corporate bodies would not withdraw more than N500,000 in six
states and the Federal Capital Territory.
“There are various gains of this policy,
apart from checking corruption, it will reduce robbery, kidnapping,
election rigging and even leakages in government revenue because nobody
will be cheated by the electronic machine,” he said.
Lemo said efforts had been made to ensure the protection of bank customers and check fraudulent practices.
He, therefore, urged Obi to help sensitise the people on the need for them to embrace the policy.
The governor thanked the CBN for recognising the strategic role the state was playing in sustaining Nigeria’s economy.
He, however, said the time given for the
takeoff of the policy in Anambra State was too sudden and appealed to
the CBN to make out more time to educate and sensitise traders in
Onitsha, Nnewi and Awka.
Source: punchng
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