By Obinna Chima for THIS DAY LIVE
Concerned by the seeming apathy that had trailed the cash-less policy which commenced in Lagos last month, the Central Bank of Nigeria (CBN) and the bankers' committee had concluded arrangement to step up the level of awareness of the policy.
Sources at the meeting which was held in Lagos last week, informed THISDAY that the decision reached at the meeting was to aggressively improve the level of enlightenment on the policy before March 30th, when the service charges/fees will become effective. THISDAY learnt that the meeting had representatives from the CBN, the bankers' committee and the media consultant on the policy.
The pilot phase of the new cash policy, which seeks to limit daily cash withdrawal/lodgement by individual and corporate organisations to N150, 000 and N1 million respectively, commenced in Lagos on January 1, 2012.
According to the CBN, the policy is expected to fast-track the development of the economy.
The source who pleaded to remain anonymous said: "we noticed that we were not achieving the desired objectives with the earlier campaign and we have decided to go full blast from this week."
Sources at the meeting which was held in Lagos last week, informed THISDAY that the decision reached at the meeting was to aggressively improve the level of enlightenment on the policy before March 30th, when the service charges/fees will become effective. THISDAY learnt that the meeting had representatives from the CBN, the bankers' committee and the media consultant on the policy.
The pilot phase of the new cash policy, which seeks to limit daily cash withdrawal/lodgement by individual and corporate organisations to N150, 000 and N1 million respectively, commenced in Lagos on January 1, 2012.
According to the CBN, the policy is expected to fast-track the development of the economy.
The source who pleaded to remain anonymous said: "we noticed that we were not achieving the desired objectives with the earlier campaign and we have decided to go full blast from this week."
Read it all here http://www.thisdaylive.com/articles/cash-less-policy-cbn-banks-to-step-up-awareness/108302/
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