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.
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.
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The former lawmaker has described this as a selective way of extorting people who make such amounts.
See his tweet below:
The new directives to Banks amounts to selective corporate extortion.
— Senator Shehu Sani (@ShehuSani) September 18, 2019
