A MANHUNT IS UNDERWAY FOR MAN WHO SHOT A GRANITE CITY POLICE OFFICER MULTIPLE TIMES.(PHOTO).

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  A manhunt is underway for man who shot a Granite City Police Officer multiple times. Officers in Granite City, Illinois, responded to a call regarding a unwanted subject near the 2000 block of Johnson Road at 2:20 p.m. on Friday, December 5th. Upon arrival, officers attempted to make contact with the suspect. The suspect opened fire on officers before fleeing the scene.  Unfortunately, one officer was struck multiple times. The officer was rushed to a St. Louis University Hospital. He is expected to make a full recovery.  A massive manhunt is now underway to locate the suspect. Authorities warn the public that the man is considered armed and dangerous. If you do see him, do not approach, but rather call 911 immediately.  If you recognize the man in the photos or have any information regarding this incident, please call the Granite City Police Department at 1618-877-6111 There was a heavy police presence in Granite City in a different part of town tonight but that w...
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CBN EXTENDS SUSPENSION OF CASH DEPOSIT CHARGES. (PHOTO).

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 CBN extends suspension of cash deposit charges


The Central Bank of Nigeria (CBN) has extended the suspension of charges on cash deposits above certain thresholds.

The new directive, effective immediately, will see Nigerians continuing to deposit cash without incurring processing fees until September 30th, 2024.

This announcement comes after a brief period of confusion. On May 1st, banks resumed charging processing fees on cash deposits, in response to the CBN’s “Guide to Charges by Banks, Other Financial Institutions and Non-Bank Financial Institutions” issued in December 2019.

These fees were two per cent for individual accounts exceeding N500,000 and three per cent for corporate accounts exceeding N3 million.

The CBN, in a new circular signed by Adetona Adedeji, Director of Banking Supervision, referred to a previous suspension of these charges implemented in December 2023 and officially extended that suspension until the end of the third quarter of 2024.

The latest circular reads: “Please refer to our letter dated December 11, 2023, referenced BSD/DIR/PUB/LAB/016/023 on the above subject, suspending processing charges imposed on cash deposits above N500,000 for Individuals and N3,000,000 for Corporates as contained in the “Guide to Charges by Banks, Other Financial Institutions and Non-Bank Financial Institutions” issued on December 20, 2019.

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