Banks risk CBN penalties for facilitating cash hawking

Tribune Online
Banks risk CBN penalties for facilitating cash hawking

The Central Bank of Nigeria (CBN) has warned that Deposit Money Banks which funds are traceable to hawkers” of cash will be penalized 10 percent of the total value of cash withdrawn on the day the seized cash was withdrawn. It also directed banks to prioritise cash disbursement through automated teller machines (ATMs). CBN gave […]

Banks risk CBN penalties for facilitating cash hawking
Tribune Online