CBN Slams Zenith & 8 Other Banks With N1.35bn Sanction Over Cash Non-availability At ATMs

Date: 15-01-2025 6:13 am (3 weeks ago) | Author: kacy lee
- at 15-01-2025 06:13 AM (3 weeks ago)
(f)

The Central Bank of Nigeria (CBN) has imposed fines totaling ₦1.35 billion on nine deposit money banks (DMBs) for failing to ensure the availability of cash through automated teller machines (ATMs) during the festive season. Each bank is required to pay a fine of ₦150 million, which will be debited directly from their accounts with the CBN.

The affected banks are:

Providus Bank
Zenith Bank
United Bank for Africa (UBA)
Sterling Bank
Fidelity Bank
First Bank
Keystone Bank
Union Bank
Globus Bank
This enforcement highlights the CBN's commitment to ensuring seamless cash accessibility for Nigerians during critical periods.


Posted: at 15-01-2025 06:13 AM (3 weeks ago) | Addicted Hero
- Holopid at 15-01-2025 06:17 AM (3 weeks ago)
(f)
good Cool Cool
Posted: at 15-01-2025 06:17 AM (3 weeks ago) | Gistmaniac
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- Dopybadass at 15-01-2025 10:53 AM (3 weeks ago)
(m)
These banks are doing business with POS agents, imagine if you go ATM to withdraw you no go see money, if you enter bank the same thing, they will tell you there's no network or no availability of cash, there's nothing noting good to talk about nigeria, tinibu came and made everything worster  Sad
Posted: at 15-01-2025 10:53 AM (3 weeks ago) | Hero
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- gogoman at 15-01-2025 03:39 PM (3 weeks ago)
(m)
 Roll Eyes Roll Eyes Roll Eyes
Posted: at 15-01-2025 03:39 PM (3 weeks ago) | Grande Master
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