Banks Flout CBN Order, Limits ATM Withdrawals To N10,000

Deposit Money Banks (DMBs) in the Federal Capital Territory (FCT) are flouting the Central Bank of Nigeria’s order on withdrawal limit ahead of the February 10 deadline for use of the old naira notes.

The apex bank had earlier directed DMBs also known as commercial banks to pay customers maximum daily payout limits of N20,000 at the Automated Teller Machine (ATM), but many have limited payment to N10,000.

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