Four days to the expiration of the deadline set by the Central Bank of Nigeria for the old N1,000, N500 and N200 notes to cease from circulation, Deposit Money Banks have taken extra security measures to prevent angry customers from attacking their branches and destroying facilities.
Kindly share this story:days to the expiration of the deadline set by the Central Bank of Nigeria for the old N1,000, N500 and N200 notes to cease from circulation, Deposit Money Banks have taken extra security measures to prevent angry customers from attacking their branches and destroying facilities.
The manager explained that despite assurances by the apex bank that it was supplying enough new notes to the banks for circulation to their customers, the truth was that the lenders were not getting enough. “Even this night , there is a long queue of desperate customers, but only one terminal is working as the other one has a problem and we can’t fix it this night because if anything negative happens, we are not covered by insurance at this time of the day.
Another bank manager in the Abule-Egba area of Lagos State told one of our correspondents that officials had to take extra measures in anticipation of security breaches as the area is volatile as hoodlums could capitalise on the slightest protest by angry customers to vandalise and loot banks in the area.
It took many minutes to pacify the angry customers, who accused the lender of deliberately punishing them, but an official of the bank came out to explain to them that the new notes supplied by the apex bank had been exhausted since Thursday.
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