Customers React to CBN Sanction on Banks
Following the recent repeated cash scarcity noticed in some commercial in the country, nine banks have been sanctioned by the Central Banks of Nigeria, CBN.
The banks acting Corporate Communications Officer, Hakama Sidi- Ali confirmed the development on Tuesday
Reacting to the sanction, three residents of Ibadan who identified their names as Mrs Adesola Daniel, Mrs IfeOluwa Adedimeji and Mr Ridwan Abayomi expressed mixed reactions on the sanction.
Mrs Daniel , a P.O.S operator and counterpart specialising in the sale of foam, Mrs Adedimeji commended the apex bank for the sanctions saying the penalty was in order but implored CBN to reduce the fines saying it was an additional burdens on the affected banks.
On his part, another P.O.S operator, Mr Ayobami said the sanction was unwarranted going by the cashless policy already put in place by the federal government.
Mr Ayobami maintained that rather than sanction, more awareness needed to be created to keep Nigerians abreast of the emerging fiscal policy implications to enable Nigerians prepare ahead.
The CBN Governor, Olayemi Cardoso in November last year warned commercial banks to strictly adhere to cash distribution policies or face penalties.