Popular award-winning filmmaker, Jade Osiberu, has come out to ask why Central Bank is allowing commercial banks to tweak the limit of withdrawal amount at their ATMs.She recently had her say on Twitter, and Nigerians have been reacting.
According to her, it is very fraudulent for banks to change their limited withdrawals from 20k to 10k just because they want to charge N35 per withdrawal and make more money.
She added that the move definitely contradicts their being a low cost option for servicing customers and CBN should do something about it.
Her words, ”Nigerian Banks and their fraudulent behavior. ATMs have a capacity of N20k per withdrawal but you limit to N10k so you can charge N35 per withdrawal, on a platform that’s suppose to be a low cost option for servicing your customers. Why is @cenbank allowing this?”
Do you agree?
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