All commercial banks are now barred from providing cash in transit (CIT) and Cash Pick Up (CPU) services to customers.
This follows the implementation of Central Bank of Nigeria (CBN) cashless policy in five states and the Federal Capital Territory (FCT) Abuja with effect from July 1, 2013.
The states are , Rivers, Abia, Anambra, Kano and Ogun.
This was made known in a circular by CBN , made available to The Tide in Port Harcourt. The circular indicated that only licensed CIT companies will be allowed to provide these services from the effective date of the scheme.
With the kick-off of the policy, the maximum daily cumulative cash withdrawals and deposit transaction for both individuals and corporate accounts would be N500,000 and N3,000,000 million, respectively.
The CBN also directed commercial banks to charge 2 per cent and 3 per cent for individual and corporate deposits, while individuals and corporate withdrawals attracts 3 and 5 per cent charges respectively on withdrawals exceeding the stipulated limits.
The circular further indicated that account holders will now bear the listed charges while individuals/ depositors paying money from outside the above listed states into an account where the policy is effective shall bear the charges”.
However, the CBN approved exemption on lodgment and withdrawals for accounts operated by embassies, diplomatic missions, multilateral agencies, aid donor agencies, ministries, departments and agencies of government (revenue collections only) as well as microfinance banks (MFBs) and primary mortgage institutions.
Bello’s Gunmen After My Life, Family -Kogi Dep Gov
Deputy Governor of Kogi State, Elder Simon Achuba yesterday alleged that the governor of the state has sent gunmen after his life.
Acbuba called on the inspector General of Police, the Department of State Services (DSS), the Army and other security personnel to safeguard his life, family members and his aides.
Achuba, who spoke with newsmen at his official residence in Lokoja said, “From all information at my disposal, the governor has mobilised gunmen to attack me.
“I want the police, SSS, IGP to know that if anything should happen to me, my family and aides, the governor should be held responsible.”
The deputy governor likewise called on the President to beam his searchlight on the state.
LGAs Responsible For Farmers, Herdsmen Clashes In Nigeria -UN
Zebulon Takwa, Peace and Development Adviser, Office of the UN Resident Coordinator in Nigeria, says poor Local Government administration is largely responsible for farmers-herdsmen clashes in Nigeria
Takwa, who gave the position in an interview with newsmen yesterday in Abuja, expressed concerns over “weak operational structures at the local government level’’.
He said that issues that were supposed to be addressed by local administration authority were left unattended to over a long period.
The UN official noted that most of the issues that escalated to crises ought to have been resolved at the local level by the authorities, traditional and religious leaders.
He decried the situation where structures for such prompt amicable settlement were not effective enough to prevent conflicts.
Takwa condemned the situation where most local government officials migrated to urban centres instead of concentrating on their primary responsibilities of settling crises, developing infrastructure and social amenities, among others.
Reprisal Killing: Taraba Police, Tiv, Junkun Differ On Casualities
The Police Command in Taraba State has said that only one individual was killed in what appeared to be a revenge for the alleged murder of a Junkun man yesterday.
While the Tiv claimed that no fewer than nine of their kinsmen were killed in Takum town, Takum Local Government Area of Taraba State on Tuesday, the Police said the figure was not true.
Takum is the hometown of Governor DariusIshaku who turned 65 today.
Multiple sources in Takum said trouble started yesterday morning when a Jukun man was killed on his farm along Takum-Wukari road, and irate Jukun youths in Takum went on the rampage, killing at least eight people in the town.
A resident of Takum, Mr. Nathaniel Jato, in a telephone interview with our Correspondent said the eight people killed in Takum town were all Tiv resident in the town.
“We counted at least eight dead bodies around General Hospital Junction and Zenith Bank around the Wukari roundabout.
“We were told that many people were killed around Rimi Primary school area, but there is tension, so we can’t go there.
“The Caretaker Chairman of Takum Local Government Council, ShibanTikari, has assured us that the situation will not escalate, but I am afraid the situation might degenerate if adequate security measures are not put in place,” he lamented.
Jato, who said there was threat that their houses would be attacked in the night, called on Governor Darius Ishaku and security authorities to quickly restore peace in the area to pave way for proper investigation of the matter.
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