Cash scarcity prevails again in Nigeria as residents lament low cash withdrawals in Banks.
Meanwhile, in a report earlier in the day, the apex bank refuted the cash scarcity at banks and gave assurance that there is an adequate reserve of cash to facilitate economic transactions following the complaints by bank customers on the scarcity of banknotes at counters, ATMs, PoS, and Bureau de Change (BDCs).
However in an Interview conducted by YES FM correspondents in Ibadan Metropolis, people lamented about severe cash rationing for withdrawal.
In a low-key interview with bank security, he says that low cash flow happens because the Central Bank Of Nigeria ( CBN) want to restrict the high flow of cash based on security reason.
He added that people can withdraw twenty thousand naira (#20,000 ) inside the bank while at an ATM stand, they can withdraw Five Thousand Naira (5000) to Ten Thousand Naira (10,000) at a goal.