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The continued shortage of the naira has elevated the hardship of many financial institution prospects who are actually compelled to hitch lengthy queues to withdraw N5,000 over-the-counter.
This has elevated the frustration of many individuals ready to gather money and has led to heated exchanges on these queues.
On Thursday, our correspondents visited financial institution branches in Lagos and Abuja and noticed the plight of many Nigerians struggling to withdraw money from their accounts.
In lots of of those banks, the ATMs weren’t meting out. Prospects at Zenith Financial institution Plc branches at First Avenue, FESTAC and First Gate, complained about how they weren’t capable of get money.
A financial institution official who spoke to one among our correspondents on the First Gate department of the financial institution blamed community downtime for his or her incapability to take care of prospects.
The official stated, “Our community has been down for a while, and now we have not been capable of do a lot.”
Whereas our correspondent was nonetheless on the scene, the community stabilized on the First Avenue, FESTAC department, and the financial institution started to name in its prospects.
At a Polaris Financial institution department across the space, prospects have been being allowed to withdraw N4,000. Prospects of each Constancy Financial institution Plc and Entry Financial institution Plc at their branches at First Gate, Previous Ojo highway confirmed that they have been capable of withdraw N5,000.
A buyer, Ramat Aileru, at Entry Financial institution stated, “I got here right here at 7:00am and I acquired into the banking corridor at previous 11:00 a.m. I used to be capable of get N5,000. I used to be paid with N200 previous notes.”
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At Constancy Financial institution, a buyer, who didn’t need his title in print, stated, “I picked quantity 82. I’ve been to a church service and again. They haven’t gotten to my quantity.”
Additionally, the Sterling Financial institution situated alongside Ire-Akari Highway in Isolo, Lagos was disbursing N5,000 every to prospects who wished to withdraw over-the-counter with none of its ATMs working.
A financial institution buyer who solely recognized herself as Seyi, disclosed that whereas she wished to withdraw N40,000 to buy meals objects over the election interval, she was solely allowed to withdraw N5,000 in previous N200 notes.
In Abuja, it was survival of the fittest as financial institution prospects struggled to realize entrance to financial institution premises although there was no money within the banks.
The purchasers compelled themselves into banks’ premises within the hope that these banks might disburse cash later within the day.
The banks situated at Wuse Market included GT Financial institution, Ecobank, Entry Financial institution, Constancy Financial institution and Zenith Financial institution. Whereas these banks weren’t meting out money, Jaiz Financial institution, situated in the identical space, was permitting its account holders to withdraw N20,000 throughout the counter.
Findings additionally revealed that many banks have been accepting deposits of previous N500 and N1,000.
A buyer, Fidelis Eze, defined that the financial institution he wished to deposit his previous notes was accepting them. He added that he couldn’t deposit his previous notes as a result of he stuffed within the fallacious data on his type.
