PRISON BREAK IN MOZAMBIQUE AFTER DISPUTED ELECTION RESULTS. (PHOTO).

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 Political Unrest and Prison Breaks Amid Mozambique’s Disputed Election Results Over 1,500 prisoners escaped from a Mozambique prison amid violent protests triggered by disputed presidential election results. Tensions escalated after the ruling Frelimo party's victory was upheld by the constitutional court, leading to clashes that killed at least 33 people. The unrest allowed prisoners to break out, with 150 recaptured so far, while widespread looting and arson have further destabilized the country. The protests, fueled by opposition leader Venâncio Mondlane’s claims of election fraud, have resulted in over 150 deaths since October. By Christmas Eve, Maputo was a ghost town, with businesses shuttered and residents avoiding the violence. The ongoing chaos highlights the deep political and social divisions in Mozambique following the controversial election.
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CBN REVIEWS OVER-THE-COUNTER WITHDRAWAL LIMITS. (PHOTO).#PRESS RELEASE.

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Strict adherence to cashless policy it is!!!

CBN Reviews Over-the-Counter Withdrawal Limits 

1. N100,000 and N500,000 weekly limit for personal and corporate accounts 

2. Amounts over that limit attract a 5% and 10% processing charge respectively

3. Maximum withdrawal limit from ATM is N20,000 daily and N100,000 weekly

4. Only N200 notes & lower denominations will be loaded into the ATM

5. Maximum withdrawal via POS is N20,000 daily

6. In exceptional cases and not more than once a month, the amounts of N5m and N10m for personal and corporate accounts can be accessed. This will require approvals and payments of all effective charges (5% and 10% respectively).

Effective January 9, 2023

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