Jade Osiberu, an award-winning filmmaker, has inquired as to what the Central Bank is doing about banks restricting ATM withdrawals to N10,000.
ATMs will withdraw up to N20,000 in a single transaction, but some banks have opted to limit theirs to N10,000 per transaction, resulting in additional fees for consumers who use their devices.
In a tweet posted on her handle, Ms. Osiberu is asking why the apex bank is allowing such. Her tweet reads;
”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?”