News
CBN Warns Banks Over Persistent ATM Cash Shortages, Vows Severe Penalties
The Central Bank of Nigeria (CBN) has cautioned banks against ongoing cash shortages at ATMs, vowing severe penalties for non-compliance.
Governor Olayemi Cardoso, speaking at the CIBN Bankers’ Dinner, emphasized the challenges faced by Nigerians due to limited cash availability and announced spot checks to enforce accountability.
Starting December 1, customers can report ATM or branch cash withdrawal issues to the CBN via designated phone lines and emails. Cardoso also urged stakeholders, including mobile money operators and POS agents, to comply with regulations and support digital transactions to improve service delivery.
On foreign exchange, the governor highlighted a missed N6.2 trillion revenue opportunity due to an inflexible FX regime and called for reforms to boost Nigeria’s economic resilience.
A viral clip has made its way online showing a police officer in Delta State shooting a suspect who had already been restrained.
It can be noted that the suspect was pleading, claiming he had been framed and deceived, and said he would lead them to the right place.
However, while he was pleading, the police officer shot him. The officer later stated that the suspect was armed with a gun.
It was later revealed that the police officer has been arrested, as it is against the law to shoot a restrained suspect.
It was reported by the Kogi State Government that 24 children were abducted from an orphanage home. It was shared that this happened on the 26th of April, Sunday, and gunmen were seen in the area that day.
The information was shared by the Commissioner of Information, Kingsley Fanwo, who shared this sad news and described it as unfortunate.
“We condemn in strong terms the abduction of innocent children from an orphanage, the government is working closely with security operatives to ensure their safe return,”
Ghanaian media personality Afia Schwarzenegger speaks on the xenophobia issues occurring around Africans in South Africa.
She stated that Ghana is not the same as Nigeria and shared that if such issues happen to Ghanaians in South Africa, they will speak up and not keep quiet. She added that they will react.
“Ghana is not like Nigeria and we won’t hesitate to return the stupid favour.”
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