BREAKING: CBN increases weekly cash withdrawal limit for individuals to N500k
The Central Bank of Nigeria (CBN) has increased the maximum weekly limit for cash withdrawals across all channels by individuals and corporate organisations to N500,000 and N5 million, respectively.
The CBN said this in a letter addressed to banks on Wednesday.
Recall the CBN had earlier restricted the maximum cash withdrawal over the counter (OTC) by individuals and corporate organisations per week to N100,000 and N500,000 respectively.
It stated, however, that withdrawals above the thresholds would attract processing fees of five per cent and 10 respectively for individuals and corporate entities going forward.
On the adjustment of the withdrawal limit, the apex bank said it made the decision based on feedback received from stakeholders.
Source: The Cable
Suspected cultists behead youth leader in Akwa Ibom
Youths suspected to be cultists on Sunday night beheaded the youth president of Inen clan, in Oruk Anam Local Government Area of Akwa Ibom State, Hezekiah John Adaiden.
The incident, it was gathered, occurred around 1 am when a group of suspected cultists, known by the deceased, visited him and were entertained with drinks before another group descended on him while they were still drinking.
An eyewitness who did not want his name mentioned said the cultists caught the youth president, dragged him to a corner in his compound beat him into a coma and cut off his head leaving the headless body in the pool of his blood.
He added that the hoodlums went further to loot the house carting away valuable items and pouring soup which the wife cooked on her head before they escaped with the head of her husband.
Source: Daily Post
DSS Arrests Suspected IPOB Leader Ama-Nlemedim In Imo
The Department of State Services (DSS) has arrested a suspected leader of the proscribed Indigenous People of Biafra (IPOB), Okechukwu Ama-Nlemedim.
DSS Director in the state, Wilcox Idaminabo, disclosed this Wednesday during a stakeholder meeting in Owerri. The meeting had in attendance the Resident Electoral Commissioner in the state, Sylvia Agu.
Idaminabo said the suspect is responsible for numerous attacks on government facilities, killing of policemen and part of the team responsible for the attacks on the Independent National Electoral Commission (INEC) offices in Owerri and Orlu.
According to him, the secret police and other security agencies were committed to ensuring that lasting peace reigns in the state.