‘This Is Corporate Stealing’ – Shehu Sani Reacts As CBN Commences Charges On Cash Deposits

A former lawmaker, Senator Shehu Sani has reacted to the new directive by the Central Bank of Nigeria to commercial banks to deduct on withdrawal and deposit above N500,00.

Shehu Sani
Senator Shehu Sani

According to the new directive, 2% will be deducted on deposit over N500,000, and 3% will be deducted when withdrawing above the same out.

Also Read: Shehu Sani Advices Buhari On New Economic Advisory Council

The former lawmaker has described this as a selective way of extorting people who make such amounts.

See his tweet below:


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