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Business & Economy
Business & Economy

Cash scarcity hits Makurdi as ATMs fail to dispense

The FrontierThe FrontierDecember 11, 2023 3970 Minutes read0

Scarcity of cash witnessed by some states last week has also hit Makurdi, the capital of Benue state.

Investigation revealed that most of the Money Deposit Banks, MDBs, Automated Teller Machines, ATMs, failed to dispense cash over the weekend, reports The Nation.

Many customers were seen milling around ATMs at GT Bank along Otukpo Road, Makurdi, for hours to withdraw cash but the three (3)ATMs were out of service.

A staff of GT Bank who pleaded anonymity told our correspondent that “the matter will be solved on Monday, December 11″.

He advised customers to embrace payment and other payment options.

When asked about those traveling to Ayilamo, Tombo ward, Logo government area, for the yuletide, he said one has to pay the canoe paddlers in cash before crossing River Benue.

The bank staff insisted that Nigerians and Benue people must accept expert payment until the situation improves.

The scarcity of cash is coming less than one year after Nigerians faced a similar situation occasioned by a change of currency.

However, CBN assured that there was enough cash and advised people to stop panic withdrawals.

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