Naira Scarcity: Abuja ATMs Failed To Dispense Cash 

Naira Scarcity: Abuja ATMs Failed To Dispense Cash 

In the Federal Capital Territory, some residents are finding it difficult to obtain the local currency, the Nigerian Naira, in the run-up to the Christmas season.

It is reported that Over Seven commercial banks in the AYA area of Abuja have been unable to dispense cash through their ATMs for at least a week.

Despite the malfunctioning ATMs, Point of Sales operators have been lining up in front of the banks to do business.

Samuel, a POS operator,stressed that the ATMs have not been working as expected, and that cash is only available at certain times of the day.

This has created a situation where customers are forced to rely on POS operators to access their money.

“Since we entered December these ATMs have not been dispensing as much.

“There is naira scarcity and most likely it may be because we are approaching December, but only CBN can explain this new scarcity,” he said

There has been no official explanation for the malfunction, and customers are understandably frustrated.

The ongoing issues with ATMs and cash dispensing come in the wake of the CBN’s announcement that both the old and redesigned Naira notes are legal tender.

This has caused some confusion and uncertainty among the public, and has added to the frustration of those unable to access their money through ATMs.