According to a news that was published by the Daily Trust Newspaper online, it was reported that the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has said that the apex bank will henceforth take cashless policy seriously, noting that people will fill countless forms and provide their data before they can withdraw large amounts of money from their bank accounts....CONTINUE READING THE FULL ARTICLE>>>
Information that was given made it known that, he stated this, while he was fielding questions from State House reporters, after the launch of the redesigned naira notes by President Muhammadu Buhari,.at the Council Chambers of the Presidential Villa, Abuja.
He said, “In other countries, in the U.S, you want to withdraw $10,000 from the counter, you will be interrogated, you will fill numerous forms, they will even track the use of that $10,000 cash that you are withdrawing. Or you want to withdraw £10,000 from the counter, they will refuse and if you insist, then you will fill forms.”
Further talking, he said, “The problems we have had in the past is that we say this is a cash economy. There is no economy that is inbuilt thinking that it has to be cash economy.
The world has moved away from predominantly cash to cashless economy. And I think Nigeria and the Central Bank of Nigeria is prepared at this time to move towards a cashless economy.
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