Bankers Condemns Currency Street Hawking

Yemisi Izuora
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The Bankers Committee has frowned at the hawking of Naira currency on streets.

Briefing the press after their meeting, the acting Managing Director of Enterprise Bank, Mary Akpogboma appealed to Nigerians to desist from patronising the hawkers.

She said it is difficult to purchase Dollars and Pounds on the streets of America and London.

She said security agencies will be contacted to investigate the source the sellers procure  the  currency from.

Another issue discussed at the meeting was the CBN cashless policy in five states and the Federal Capital Territory.

Giving an update on cashless policy, the Managing Director of Wema Bank, Segun  Oleketunji stated that the banking sector has succeeded in implementing the policy in five states.

The states include, Lagos, Ogun, Anambra , Kano,  Rivers and the federal capital territory, Abuja.

Oleketunji said the sector is poised to ensure seamless spread of the project to the rest of the remaining states

” Essentially, the intention is to roll  out the project nationwide, we were held back on this because we wanted to ensure seamless implementation of the project. So we are looking at infrastructure development in other states, such that when it is rolled out,  it will be without any challenge to the customers and the banking sector generally”, he said.

According to him,  the sector has invested a lot of money in infrastructure for the scheme to ensure a safe transaction via the platform

The Bankers’ Committee further  offered clarifications on the recent restriction on dollar cash deposit into domiciliary accounts.

The Committee said “the operations of domiciliary account remain the same, the only thing that has changed is the restriction on dollar cash deposit into it.

Segun Agbaje, the managing director/CEO Guarantee Trust Bank, who spoke on this, said ”the operations of domiciliary account remain the same. You still have unfettered access to your account. You can transfer money into your domiciliary account and transfer money out of your domiciliary account without any restrictions. The only thing that has changed is payment of cash dollars into your domiciliary account.

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