Nation
Cashless Policy In Five States
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.
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Rivers Commissioner Commends WAEC Conduct, Vows Sanctions for Malpractice
The Rivers State Commissioner for Education, Dr. Peters Nwagor, has commended the orderly conduct of the ongoing 2026 West African Senior School Certificate Examination in the state and urged schools to sustain the standard.
Dr. Nwagor gave the commendation on Tuesday during a monitoring tour of selected secondary schools in Port Harcourt and environs where the WAEC exam is ongoing.
The commissioner, who was accompanied by directors and monitors from the Ministry of Education, said he was impressed with the peaceful atmosphere at the centres visited.
“The students conducted themselves properly and wrote their papers under conducive conditions. Invigilators and supervisors also performed their duties professionally,” he stated.

Nwagor noted that the Rivers State Government had invested heavily to ensure the smooth and credible conduct of the examination across the state
He urged candidates to reciprocate government’s effort by shunning all forms of examination malpractice and focusing on their studies.
“Government has done so much to ensure successful examinations in our schools. Students should take advantage of it by remaining focused,” the commissioner said.
While no case of malpractice was recorded in the centres inspected, Dr. Nwagor warned that any principal, teacher, invigilator, or official caught aiding malpractice would face strict sanctions in line with regulations.
He also commended school administrators, teachers, WAEC officials, and security personnel for upholding the integrity of the process.
Centres visited included County Grammar School, Ikwerre/Etche; Government Comprehensive Secondary School, Borokiri; Government Secondary School, Borokiri; and Pabod Model Secondary School.
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