CBN To Introduce Coins Dispensing ATMs

Date: 17-09-2012 6:36 pm (11 years ago) | Author: franel
- at 17-09-2012 06:36 PM (11 years ago)
(m)
«§» 17 September 2012

The Central Bank of Nigeria (CBN) says it will facilitate the introduction of Automated Teller Machines (ATMs) that can dispense coins to encourage Nigerians imbibe the culture of spending them.

Mr Chidi Umeano, Head of Shared Services at CBN, on Monday in Lagos said that this plan was in tune with the currency restructuring exercise.

He said that the coins dispensing ATMs would hasten the acceptance of coins by Nigerians and change misconception about their use.

“To achieve this plan, what is needed is to facilitate the inclusion of a process called “add-on” to the ATMs.
“Good enough, the existing ATMs have the “add-on“ feature that will easily make them adapt to coins dispensing, “ he said.

Umeano said that the apex bank would ensure that newly deployed ATMs had the “add-on“ feature among others.

“It is very possible to achieve Automated Teller Machines that will dispense coins.
“This “add-on” feature can be activated on the ATMs at any time by the CBN and this is not new because it is being practiced in advanced countries.
“This proposal is in consonance with our cash-less policy and also in line with the CBN’s effort to encourage Nigerians to appreciate coins, “he said.
Mr Dipo Fatokun, CBN Director of Banking and Payments System, had in August said that the apex bank would soon facilitate the introduction of multi-functional ATMs.
Fatokun said that such ATMs would also be able to accept deposits from customers and credit their accounts immediately.


(NAN)



Posted: at 17-09-2012 06:36 PM (11 years ago) | Hero
- nzewyte at 17-09-2012 07:29 PM (11 years ago)
(m)
Tufiakwa!!! Walahi if ATM dispense coins, me i no go collect am 4rm am o!

Posted: at 17-09-2012 07:29 PM (11 years ago) | Gistmaniac
Reply
- babe84 at 17-09-2012 07:46 PM (11 years ago)
(f)
Quote from: nzewyte on 17-09-2012 07:29 PM
Tufiakwa!!! Walahi if ATM dispense coins, me i no go collect am 4rm am o!
  lol!!!
Posted: at 17-09-2012 07:46 PM (11 years ago) | Upcoming
Reply
- dlimelite at 17-09-2012 09:19 PM (11 years ago)
(f)
These Naija rulers are clueless. What if someone wants to get N50,000, and all they're getting is coins. Dont know why these leaders are treating ppl so wicked. This whole idea is silly.
Posted: at 17-09-2012 09:19 PM (11 years ago) | Hero
Reply
- mallorca at 17-09-2012 09:20 PM (11 years ago)
(m)
not too bad

Posted: at 17-09-2012 09:20 PM (11 years ago) | Addicted Hero
Reply
- dlimelite at 17-09-2012 09:23 PM (11 years ago)
(f)
This man just withdrew N20,000 from the ATM

Posted: at 17-09-2012 09:23 PM (11 years ago) | Hero
Reply
- dlimelite at 17-09-2012 09:27 PM (11 years ago)
(f)
Quote from: nzewyte on 17-09-2012 07:29 PM
Tufiakwa!!! Walahi if ATM dispense coins, me i no go collect am 4rm am o!
Grin Grin Grin Grin Grin Grin Grin
Posted: at 17-09-2012 09:27 PM (11 years ago) | Hero
Reply
- winace at 18-09-2012 04:37 AM (11 years ago)
(f)
Na sack people go dey drag for road very soon. Market woman go dey waka like who get balls under.
Posted: at 18-09-2012 04:37 AM (11 years ago) | Addicted Hero
Reply
- franel at 18-09-2012 06:55 PM (11 years ago)
(m)
 Shocked lol  Grin Grin

Posted: at 18-09-2012 06:55 PM (11 years ago) | Hero
Reply
- cadanre at 18-09-2012 06:58 PM (11 years ago)
(f)
Let them keep on beating the drum, all we can do is just to dance according to it.

Posted: at 18-09-2012 06:58 PM (11 years ago) | Hero
Reply

fire TRENDING GISTS fire

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