Don Jazzy Reacts To CBN’s Plan To Charge On Deposits, Withdrawals Above 500k

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Olayemi Oladotun
Oladotun Olayemi is a passionate writer who loves to disseminate reports on topics bordering on celebrities, lifestyle, sports and politics. An avid football lover and a trained historian.

Popular music producer, Don Jazzy has reacted to the directive of the Central Bank of Nigeria (CBN) that banks should deduct three per cent as processing fees for withdrawals and two per cent processing fees for lodgements of amounts above N500,000.

Don Jazzy
Don Jazzy

This new decision has generated a lot of negative reactions on social media, and the uproar does not seem to be near.

Also Read: Don Jazzy Advocates Easy Way To Deal With Traffic Congestion In Lagos

Reacting to this, the music producer described the new policy as a desperate move to venerate revenue.

He tweeted:

https://twitter.com/DONJAZZY/status/1174245141584011264

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