NAIRA CRUNCH: UK cautions citizens over ‘spike in criminal activity’ at banks, ATMs

The Foreign, Commonwealth and Development Office (FCDO) of the United Kingdom has issued a security advisory to its nationals in Nigeria regarding the dearth of Naira notes across the country.

The UK FCDO warned its citizens in Nigeria to exercise caution when visiting banks and automated teller machines (ATMs) in the nation since there has been an “increase in criminal activities” in these establishments, according to a statement posted on its website, on Thursday.

“Nigeria is mainly a cash economy, although the use of credit and debit cards is increasing – especially in the big cities,” the update reads.