Donjazzy Shades CBN Over Desperate Moves To Generate Revenue

September 19, 2019

Don Jazzy

The Central Bank of Nigeria, CBN, recently announced a new policy to attach charges to cash deposits or withdrawals made by customers.

Donjazzy too to instagram to ruffle the feathers of the latest policy as an act of desperation to generate revenue.

36ng reports that the charges will be placed on deposits or withdrawals above N500,000 by customers.

The objective of the “transaction fees” is to give vent to the Central Bank’s policy designed to reduce cash in use.

CBN Payments System Management Department Director, Sam Okojere on Tuesday announced the take-off of the charges in a statement.

However, reacting via Twitter, Don Jazzy said the purpose of the new policy was an act of desperation to generate revenue.

“My dear, the whole thing just reeks of a desperate move to generate revenue.

“When they load their own stolen money in the bank, they don’t care whatever charges they have to pay”, he wrote.

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