Criticism trails CBN policy on ATM withdrawal limit AUG

 Some bank customers in Jos on Monday criticised the
new Central Bank of Nigeria’s policy which cut down
withdrawals from Automated Teller Machines.
The customers, in separate interviews with the News
Agency of Nigeria, expressed disappointment with
the policy which cut down ATM withdrawals from
N100,00 to N60,000.
Mr. Sunday John, a trader, said the policy would
cripple business activities especially during
weekends.
According to him, the new CBN policy contradicts its
cashless policy and should be reversed.
“This is because most banks customers, who have
become used to going to ATMs to withdraw whenever
they have need of cash, are now constrained to make
maximum withdrawals.”
Mr. Emeka Chika, another customer, said the policy
was “not business-friendly.”
He said as a businessman, the policy would affect his
capacity, especially during weekends.
Mr. Emmanuel Chukwu told NAN that the policy had
delayed him from finishing a project at the weekend
due to insufficient funds.
He appealed to the CBN to “provide an alternative or
increase the cash withdrawal limit.”