Banks start dismantling ATM machines from public places

Most of the banks in Nigeria have started removing their Automatic Teller Machines (ATM) from public places in compliance with Central Bank of Nigeria (CBN) directive.

The CBN had directed all banks to remove their ATMs from public places or hand them over to private operators to manage on or before March 31st 2010.

It could be recalled that UBA and Guarantee Trust Bank had handed about 80 percent of their ATMs to a private operator some months back.

The directive was in response to high cases of ATM fraud from ATM machines located outside the banks premises.

Following the expiration of the deadline yesterday, some banks had begun removing their ATM machines in public places.

Among the ones spotted by our correspondents include Skye Bank Plc and Intercontinental Bank Plc.