Moving the motion under matters of urgent national importance, Hon. Yusuf
Ayo Tajudeen, noted that in 2001 the Central Bank of Nigeria, CBN, introduced
ATMs as a platform for transacting business by customers and used as payment
modules in carrying out other businesses such as money transfer, payment of
utilities and similar transactions which had impacted positively on banking
operations, service delivery and safety of customers fund.
He said: “Despite the positive features of this payment platform, there
has been growing incidence of fake naira notes dispensed by the ATMs.
“Many law-abiding citizens have been victims of this unfortunate,
unprofessional and immoral practice which has led to the loss of legitimate
funds by Nigerians and that in most cases victims of the fake naira notes
dispensed by the ATMs, suffer neglect, anxiety and confusion as no concrete and
proactive measures are taken by commercial banks to correct these anomalies.”
Tajudeen warned that the trend had the potential of eroding public
confidence in banks, impede smooth banking transactions, throw-up ethical
questions and slow down investment which would in turn affect the economy.
He said: “Dispensing fake naira notes by ATMs may grossly affect the
operation, viability and success rate of the recently introduced Cashless
Policy by the Central Bank.”
The authorities should do somethig about this fake machine dispenser, its not the first time.
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