Frustration In Banks As Nigerians Lament Absence Of New Notes In ATM Machines, N20,000 Cash Withdrawal Limits

Nigerians have decried the painful experience they had in commercial banks which have stopped dispensing money – either old or new notes – at their Automated Teller Machines (ATMs).

Speaking with newsmen some frustrated bank customers including Point of Sale operators in Lagos and Ogun states lamented how they visited different banks but could not make withdrawal at the ATM galleries while some the banks giving N50 and N100 notes had limited daily withdrawal at the counter to N20,000.

A customer who simply identified himself as Adewu said that in the morning when he went to the Access Bank branch located at Iyana Ipaja towards Oshodi, the bank gave customers N10,000 at the counter after they claimed that they didn’t have money to dispense at the ATM.

He said that the same Access Bank located at Lagos-Abeokuta road was not dispensing money as they said that they did not have any cash there at all.

Also, Adewu went to a UBA branch located at Computer Village in Ikeja but said there was also no money there. “They don’t have money inside their ATM at all.”

TrackNews Nigeria had last week reported how Nigerians lamented the scarcity of the new Naira notes despite that the deadline for the use of the old notes as legal tender had reached.

The Central Bank of Nigeria (CBN) had insisted that there is no going back on the January 31, 2023 deadline but the apex bank during the weekend announced extension of the deadline by 10 days to February 10.