The Branch Controller of the Central Bank of Nigeria (CBN) Kaduna
Branch Alhaji Mohammed Gusau yesterday disclosed that the Cashless
Policy introduced by the Central Bank of Nigeria which was successfully
launched in Lagos in 2012, had yielded appreciable progress, adding that
the implementation in the remaining States of the federation would
commence on 1st July, 2014.
Alhaji Gusau who stated this in address delivered at the 2013 annual
award/dinner night of the Kaduna Bankers Committee which held at the
Kaduna Polo club house, murtala Mohammed Square also informed that CBN
in collaboration with the Bankers’ Committee had implemented the policy
in 5 selected states namely; Abia,Anambra, Kano, Ogun, Rivers States and
the Federal Capital Territory in June, 2013.According to him, the cashless policy is expected among others to reduce the cost of banking services, drive financial inclusion, reduce risk associated with cash handling and enable more transparency in payments.
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