Man calls out online bank for seizing his N550k since February

Man calls out online bank for seizing his N550k since February

A Nigerian man has called out online banking app, Opay for allegedly seizing his money since the 10th of February. According to him, his brother sent him the sum of ₦550k and he was unable to access it because it exceeded his limit.

However, he was asked to upgrade his account which he did and is still not able to access the money. He further added that despite the money showing in his opay account, it is not reflecting in his Opay balance.

Reacting to the video, @Chinaclear said: “You see all this bank that dont have office can never be me🙅😹😹.” @glory wrote: “Call them out on IG that’s what my sis did yesterday and they sent her the money back.”

@DJ FEELINGS remarked: “Oga download opay business and withdraw your money joor.” @Triple s fashion stated: “Check the upgrading you did, cos the second stage as maximum of 500,000 meaning you still can receive it until you upgrade again to third stage.” @shugar cane commented: “Even me o am still confused don’t know how to get my money back pls can someone help”. @momswag94 wrote: “Simple instructions una no dey follow e dey bodly for your opay say u no fit more than 500000 but still u still receive the money for the account”. @kellyB205 stated: “Na everything una take Dey foam big boy for Nigeria na. Wetin happen to your bank account?” Watch the video below: @ndchenchen1 @OPay NG mak una answer me o cux i dy para 💔 #ndchenchen1 #trending #tiktok #fypage #donjazzy ♬ original sound – ChenBoy

“Submit your old Naira notes after the February 10 deadline”

GistReel

Godwin Emefiele, has revealed that commercial banks must accept the old Naira notes even after the February 10 deadline.

Emefiele

The Governor of the Central Bank announced this on Tuesday while appearing before the House of Representatives ad hoc committee looking into the implementation of the policy. Emefiele said he agrees with section 20(3) of the CBN Act, which provides that commercial banks must accept old notes after a deadline. Section 20 (3) of the Act says: “Notwithstanding Sub-sections (1) and (2) of this section, the Bank shall have power, if directed to do so by the President and after giving reasonable notice in that behalf, to call in any of its notes or coins on payment of the face value thereof and any note or coin with respect to which a notice has been given under this Sub-section, shall, on the expiration of the notice, cease to be legal tender, but, subject to section 22 of this Act, shall be redeemed by the Bank upon demand.” Emefiele had on Sunday announced 10 February as the “grace period” for Nigerians to deposit the old Naira noted. Nonetheless, the lawmakers are insisting that it must be months, not days.

New Naira Notes

In his speech, Mr Emefiele said: “The law which says even after the old currency has lost its legal tender status that we are mandated to collect these money. And I stand with the House of Reps on this. What does that mean? It could have lost its legal tender status which means we have moved on. But if you have your money that you have not been able to send to the bank we will certainly give you the opportunity to bring them back into the CBN to redeem it. Either you pay it to your bank account or you want to do an exchange—we will give you. You will not lose your money. This is the assurance I give to Nigerians.”