Christmas: CBN investigates lack of cash in ATMs

Central Bank of Nigeria Governor, Godwin Emefiele
CBN Governor, Godwin Emefiele

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

CBN acting spokesman Osita Nwanisobi told the News Agency of Nigeria (NAN) on Wednesday that ATMs were introduced so as to ease the sufferings of the people.

He also described as “preposterous” insinuations that the apex bank conspired with commercial banks to ensure ATMs are empty during the yuletide.

“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 said its reporter visited FirstBank ATMs at Iganmu.

It said its findings revealed the ATM machines in the bank premises were not dispensing, but the ones in the banking hall were dispensing.

Also at Firstbank ATM in Egbe, Isolo road, it said the four machines, all in good conditions, had no cash to dispense.