Cash-Less Nigeria Project Overview

Individuals and corporate customers that make cash transactions above the limits are to be charged processing fee as follows subject to review every 6 months: Withdrawal above limit: Individual - 3% above limit; Corporate - 5% above limit > Lodgment above limit: Individual - 2% above limit; Corporate -3% above limit Micro Finance Banks and Primary Mortgage Institutions are excluded from the policy of N3,000,000 for corporate bodies to enable them meet the legitimate demands of their numerous customers Cash withdrawal and lodgement limits are applicable to customers of MFBs and PMIS NIB

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