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CBN pegs N7,000 withdrawal limit for Corps members

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February 6, 2023
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The Central Bank of Nigeria (CBN) has extended its sensitisation for the exchange of the old Naira notes with the re-designed ones to youth corps members.

This was at the Benue State National Youth Service Corps, NYSC Orientation Camp in Wannune, Tarka Local Government Area of Benue State, North-Central Nigeria.

CBN Director of Financial Market Department, Angela Sere-Ejembi, said the apex bank had made provision for a maximum withdrawal of N7,000 from the Point-of-Sale, POS agents on the camp.

The Director, who was represented by Victor Oboh, emphasised the need for Corps members to embrace the cashless policy being introduced in the country.

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The NYSC State Coordinator, who welcomed the initiative described it as timely and encouraged corps members to embrace it.

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Corps members equally appreciated the Central Bank for easing the process for them.

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