CBN don sanction nine banks because dem no gree put cash for ATM

January 15, 2025

Central Bank of Nigeria (CBN) don sanction nine banks because dem no put Naira notes for dia ATMs during di yuletide season.

Di banks wey dem sanction na Fidelity Bank Plc, First Bank Plc, Keystone Bank Plc, Union Bank Plc, Globus Bank Plc, Providus Bank Plc, Zenith Bank Plc, United Bank for Africa Plc, and Sterling Bank Plc. CBN fine dem ₦150 million each because dem no follow di cash distribution guidelines after spot checks for dia branches.

CBN tok say dem don warn di banks plenty times to make sure say cash dey available, especially during periods wey people need am well. Di fine go dey collect directly from di banks’ accounts for CBN.

READ MORE RECENT NEWS HERE https://naija102.com/national-assembly-don-yan-say-them-go-finish-electoral-reform-before-off-cycle-elections/

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