CBN Fines 9 Banks N1.35 Billion for Failing to Disburse Cash Through ATMs (list)
The Central Bank of Nigeria (CBN) has sanctioned Deposit Money Banks (DMBs) for failing to dispense Naira notes through automated teller machines (ATMs), during the yuletide season. Each bank was fined N150 million for non-compliance, in line with the CBN’s cash distribution guidelines, following spot checks on their branches. The enforcement action follows repeated warnings […]
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