Expert Gives Credence to CBN’s Cash Withdrawal Limit

A Senior lecturer of Economics at the University of Agricultural Sciences, Umuagwo, Desmond Echeta, has said the cash withdrawal limit introduced by the Central Bank of Nigeria, CBN, is geared towards encouraging internet banking.
Dr. Echeta disclosed this while giving a breakdown of the new directive issued by the CBN.

He highlights the merit of the cash withdrawal limit.

The Academia adds that this directive will checkmate illicit transactions.