She said that failed transactions occur during network downtime, system glitches, or human input errors.
Mr Cardoso said the apex bank would be conducting spot checks across the DMBs and would impose sanctions on underperforming banks.
The CBN has announced that the 292nd meeting of the MPC will be held on Monday and Tuesday, to be chaired by Folashodun Shonubi, the acting governor of the CBN.
The development was announced after an extraordinary Bankers’ Committee meeting held to discuss the implementation and implications of the policy changes for the banking public.
Mr Shinkafi urged President Muhammadu Buhari to respect the rule of the law.
ACAMB hereby wishes to debunk the fake news in its entirety and wishes to assure Nigerians and the banking public that there is no iota of truth in the viral message that is being circulated.
Some of the customers urged the CBN to make an example of a bank to serve as deterrent to others.
“Any composed banknote discovered in the deposit of DMBs shall attract penalty of 400 per cent of the value.”
“They will be located in areas with high volumes of commercial activities and cash transactions,” the apex bank said.
The withdrawal limit set for these accounts by the CBN is set At $2,000.
