The CBN announced this in a letter dated December 21 and signed by the CBN Director of Banking Supervision, Haruna Mustafa. The letter, which was made available to The Niche, was addressed to all deposit money banks and other financial institutions.
“The maximum weekly limit for cash withdrawal across all channels by individuals and corporate organizations shall be N500,000.00 and N5,000,000.00 respectively,” the letter read.
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