Skip to content
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Politics
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Business & Economy
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
Watch Online
  • Home
  • National News
  • Yuletide: CBN to investigate scarcity of funds in ATMs across Lagos
  • National News

Yuletide: CBN to investigate scarcity of funds in ATMs across Lagos

Admin December 23, 2020
CBN

CBN head office

The Central Bank of Nigeria (CBN) says it will investigate the scarcity of funds witnessed by customers in most Automated Teller Machines (ATMs) in Lagos State.

The CBN‘s Acting Director, Corporate Communications, Mr. Osita Nwanisobi told the News Agency of Nigeria (NAN), on Wednesday, that ATMs were introduced so as to ease the sufferings of the people.

Nwanisobi spoke on the heels of customers complaining that the proliferation of Agent Banking is responsible for ATMs not having money to dispense any more.

Some people have alleged this was due to banks conspiracy with CBN.

The director also described as “preposterous” insinuations that the apex bank conspired with commercial banks to ensure there was no money in the machines.

“It is highly preposterous for anyone to say that CBN connived with banks to deprive people of their money this season.

“The primary purpose, for which ATMs were introduced, is to ease the sufferings of Nigerians and to make banking easier and convenient.

“I assure the public that CBN will investigate the matter,’’ he said. (NAN)

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: CBN Osita Nwanisobi

Post navigation

Previous Nigeria will be Safer when politicians Stop using thugs, criminals during elections – Yahaya Bello
Next AICS set to host maiden Anioma CEOs  forum in March 2021

Related Stories

Ebola: 62 contacts complete monitoring without secondary transmission federal capital territory
  • National News

Ebola: 62 contacts complete monitoring without secondary transmission

November 13, 2026
Yiaga Africa: Youth participation in 2027 elections declines by 20%
  • National News

Yiaga Africa: Youth participation in 2027 elections declines by 20%

November 13, 2026
Magistrate Disowns Alleged Takeover Order on Guzape Property, Orders Police to Restore Possession FG vs ASUU
  • National News

Magistrate Disowns Alleged Takeover Order on Guzape Property, Orders Police to Restore Possession

November 13, 2026

You may have missed

Ebola: 62 contacts complete monitoring without secondary transmission federal capital territory
  • National News

Ebola: 62 contacts complete monitoring without secondary transmission

November 13, 2026
Yiaga Africa: Youth participation in 2027 elections declines by 20%
  • National News

Yiaga Africa: Youth participation in 2027 elections declines by 20%

November 13, 2026
Magistrate Disowns Alleged Takeover Order on Guzape Property, Orders Police to Restore Possession FG vs ASUU
  • National News

Magistrate Disowns Alleged Takeover Order on Guzape Property, Orders Police to Restore Possession

November 13, 2026
Asia buys up African, Brazilian oil as shipping costs fall
  • Business & Economy
  • Music

Asia buys up African, Brazilian oil as shipping costs fall

November 13, 2026
  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Politics
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Business & Economy
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
Copyright © All rights reserved. | DarkNews by AF themes.