Some bank customers in the country have appealed to the Central Bank of Nigeria(CBN) to urgently address withdrawal limits set by banks.
Some of the customers told PREMIUM TIMES how they struggled to withdraw certain amounts from their accounts after the banks placed restrictions on amounts they could withdraw.
In line with the Central Bank of Nigeria’s cashless policy, individual customers are allowed a maximum weekly withdrawal of N500,000, with a daily limit of N100,000. Corporate entities are constrained to a weekly cash withdrawal limit of N5 million.
