NIGERIANS ABROAD need to know THIS about New Cash Withdrawal Limits | CBN Policy on Naira

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NIGERIANS ABROAD need to know THIS about NEW CASH WITHDRAWAL LIMITS | CBN Policy on Naira is a video where Sassy Funke shares the new cash withdrawal limits and the implications of the new naira notes on Nigerians who have cash abroad.

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[SassyFunke]

The CBN on the 21st of December

❗️Breaking news❗️- NIGERIA has revised its cash withdrawal limits to N500, 000 and N5, 000, 000 for individuals and corporates respectively starting January 9th 2023.

This was changed from the December 6th announcement 📣 of N100, 000 and N500, 000 (for individuals and corporations respectively) 👀

We also noticed they have reduced the processing fees for withdrawals above this limit from 5% and 10% to 3% and 5%

➡️ What do you think led to this change?? Drop your comments below 👇🏽

[victorcheke]

SASSY WAHALA DEY!!! Sassy another one of your great special info. I'm based in the UK but moving back to Nigeria 🇳🇬 in 2 years. Knowing are great leaders, these new rules could be long gone. Only time will tell.

[SassyFunke]

Many of you have been asking me about Nigeria's new cash withdrawal limits. I hope I broke it all down well for you.

[rinascitasaints]

💢🇳🇬is a joke. Let’s kick out these lunatic looters.
Thank you for sharing 💪

[ifeifesi]

That is £36 at the current rate. I will go elsewhere like Ghana or SA to enjoy my holiday. This is ridiculous

[singanasizwe]

Zimbabwe, welcome Nigeria to your club

[yemiadeleke]

You will just have to pay for services by PoS. And also pay before service to ensure the payment goes through.

[augustineijebome]

This is crazy, I think I will be changing my dollar once a week with Aboki and avoid the bank completely.

[samuelsotunde]

Insane, that’s what it is . Anything to inflict pain on the citizens. It has become their life’s work. It was the NIN last year . What is it going to be next year?

[olubodeawodeyi]

Hello Sassy
The government is just encouraging a cashless soceity...it is the same in Europe as well...take for instance in Ireland max withdrawal at cashpoint is 700 euros per day... same goes at the bank as well... it is a world wide trend

[joycemwewa]

What advice can u give to non nigerians who want to visit Nigeria but are scared of the stories we here of kidnappings

[imanihaidara]

Sassy Wahala Dey❣️😊. I am now in Lagos since Nov 20. Thís is a very informative video. Thank You.
❤❤❤

[mphomaseko]

This system will collapse soon . Not sustainable.
Even the 1st world countries have about 30% cash rotating in the environment.

[anwotofunmiamos]

Hello Sassy, This is so much to take already.

[kejio]

Hmmm Sassy this is na real WA! Can they themselves abide with this new restrictive regulations??? Nonsense!

[wilsonbio]

This policy like every policy in Nigeria will end up creating problem for business owners. Personal and co-operate organizations will run into stalmate in transactions. POS businesses will scale down. Does the CBN has the right to limit individuals to 20K daily? CBN has put it's hand on what it's not permitted to handle by law. This might only create poverty down the road. There was no robust consultation with other stakeholders and the public before this policy was made public.

[blkheavyweight]

That's going to destroy your tourism furthermore all your prices will drop to compensate for that so maybe they're trying to reduce inflation

[femtey]

Let’s see how it’s going to affect those spraying sealed bundle notes to musicians at parties .

[newworld]

They are implementing quantitative tightening to make naira relevant as to allow naira gain some values by making it scarce.

[proverbalizer]

Nigerian lawmakers always ask themselves 3 things:
1. Is this policy completely irrelevant to solving Nigeria's actual problems?
2. Can it help us to steal and monopolize more money for ourselves?
3. How can we do more to increase suffering and make life more difficult for the masses of ordinary Nigerians?