Award-winning filmmaker, Jade Osiberu, has decried the “fraudulent behaviour” of Nigerian banks that restrict the withdrawal quantities at their ATMs.
Usually, ATMs can dispense as a lot as N20,000 in a single withdrawal however some banks have restricted the utmost withdrawal amount to N10,000 as a way to acquire additional expenses from prospects who make a number of withdrawals from their machines.
Taking to Twitter, Jade referred to as out the banks and questioned why the Central Bank is allowing their newest money-making technique.
“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?”
Nigerian Banks and their fraudulent habits. ATMs have a capability of N20k per withdrawal however you restrict to N10k so you’ll be able to cost N35 per withdrawal, on a platform that is suppose to be a low lower possibility for servicing your prospects. Why is @cenbank permitting this?
— Jade Osiberu (@jadeosiberu) March 30, 2021