Customers of various deposit money banks in Tanke, Ilorin, expressed discontent over unanticipated reductions in withdrawal limits for both over-the-counter transactions and Automated Teller Machine (ATM) withdrawals.
Several customers, including Point of Sale (POS) attendants, voiced their grievances, lamenting the inconvenience caused by the sudden reduction in withdrawal limits.
RoyalTimes reports that many expressed concerns about the lack of communication from their respective banks regarding the changes, leaving them in the dark about the reasons behind the adjustment.
In contrast, a bank official, speaking anonymously to RoyalFM News, explained that Deposit Money Banks struggled to obtain new currency from the Central Bank of Nigeria and were compelled to distribute funds deposited by customers.
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