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Naira Scarcity: Banks Confirm Receiving More Cash, Load ATMs

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The Central Bank of Nigeria has released more old notes to Deposit Money Banks as the apex bank steps up efforts to flood the economy with more cash after a prolonged cash crunch that has made life difficult for millions of Nigerians and residents.

The CBN had on Thursday begun the release of billions of naira to DMBs. Bank officials said the CBN again released several billions of naira to lenders on Friday

According to The Punch, several branches of banks opened over the weekend and dispensed cash to their customers via Automated Teller Machines and over-the-counter.

Some of the banks had sent out emails to their customers notifying them that they would be open over the weekend for banking operations as ordered by the apex bank.

Visits to banks’ branches in Lagos, Abuja, Ogun, and other states revealed that most banks complied with the order of the CBN and attended to customers both in the banking hall and dispensed cash via ATM.

Most of the banks’ branches along the Oshodi-Apapa Expressway and Gbagada area of Lagos opened on Saturday and Sunday and subsequently dispensed cash to their customers.

The Access Bank branch at Sadiku Bus stop along the Oshodi-Apapa Expressway dispensed cash via its ATMS.

The United Bank for Africa branch at Oshodi, close to the expressway dispensed cash both in the banking hall and at its ATMs. Customers were able to get N20,000 over the counter.

The Access Bank branch next to it allowed its customers to get N20,000 while holders of other banks’’ ATMs got N5,000 only.

Fidelity Bank branch also at Oshodi expressway paid N20,000 inside the banking hall. Of its three ATMs, only one was dispensing, paying other banks’ customers N5,000 and its customers N20,000.

A taxi driver, who identified himself as Baba Taju, said the kind of naira notes didn’t matter as long as he got some to spend.

“You think that’s important now? What did we do when we couldn’t get any cash? Please any cash is welcome as long as I can spend it,” he said.

Also, customers in the Federal Capital Territory continued to receive naira notes on Sunday.

Some crowds of customers were seen at banks’ ATM galleries while others tried to perform over-the-counter transactions.

Along the airport road, only Guaranty Trust Bank opened for physical operations, Stanbic IBTC loaded its ATMS with cash while Zenith Bank didn’t open for business.

It was gathered that the old N1,000 notes distributed were not crisp ones as officials separated mutilated notes before giving them to customers.

In Ogun State, findings by our correspondent at Zenith Bank, PremiumTrust Bank, GTB, Unity Bank, and Access Bank branches in Redemption Camp along the Lagos-Ibadan Expressway indicated that all the ATMs were fully loaded with cash

It was also gathered that there were no long queues and after the Sunday service, bank customers were allowed to walk in and carry out their normal transactions.

Also, both old and new naira notes were dispensed.

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Tinubu Meets PDP’s G-5 Members

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President Bola Tinubu is in a meeting with members of the defunct ‘G5 Governors’ at the Presidential Villa, Abuja.

The group made up of Oyo Governor Seyi Makinde; former Governors Nyesom Wike (Rivers); Okezie Ikpeazu (Abia); Ifeanyi Ugwuwanyi (Enugu) and Samuel Ortom (Benue) are all members of the People’s Democratic Party (PDP).

The group is considered to have been friendly with President Tinubu and contributed to his electoral victory in February.

Although the reason for the visit is yet to be known, it is believed Makinde and the former Governors would be seeking to take advantage of their cordial relationship with the President to gain political capital.

Makinde and Wike have frequented the Villa a couple of times in the last few days

 

More to come…

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BREAKING: Tinubu Signs Bill Raising Judges’ Retirement Age Into Law

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President Bola Tinubu has signed into law the bill on uniform retirement age for judicial officers.

Tinubu signed the bill into law on Thursday.

More to come…

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You Are A Liar, Woman Beater, Ondo Deputy Governor’s Wife, Seun Ayedatiwa Tells Husband

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The wife of the Ondo State Deputy Governor, Seun Ayedatiwa, has faulted her husband’s defence over allegation of assault, maintaining that she is a serial victim of abuse in his hand.

But the deputy Governor in a statement through his media aide, Kenneth Odusola, said he had never raised a hand to hit his wife since they got married.

He described the allegation as baseless, false, nothing but political blackmail taken too far,” to cause political unrest in the state.

But in a statement from London entitled, “My Ordeal At The Hands Of Lucky”, Mrs Ayedatiwa narrated her experience, adding that she could no longer endure his temperament.

According to her, she had endured physical, emotional, and mental abuse from her husband, beatings, torture, and constant mistreatment.

Excerpt:

“I have come across numerous comments regarding the statement released by the Women Group, the Society for Women Empowerment (SWE).

“Although I cannot ascertain the existence of the group or the true intentions behind the story, I feel it is important to express my pain for the sake of other women.

“I am a woman who deeply respects and supports my husband. Our story, like many others, has been one of grace and growth. While I am sociable, I am always mindful of my husband’s position. I have dedicated myself to nurturing our home and children, as any wife and mother would. I have done so with unwavering strength.

“Prior to Lucky’s appointment as the deputy governor, we had ongoing issues revolving around abusive behavior. Each time, he would apologize, often attributing his actions to alcohol. Our children have witnessed this on two occasions. They implored me to have him arrested, but I explained that Nigerian culture does not provide room for such measures.

“I am not happy about revealing my personal struggles publicly. It is a painful reality I must confront. I have reached the conclusion that concerted efforts must be made to eradicate the scourge of violence against women. I have endured physical, emotional, and mental abuse from my husband, beatings, torture, and constant mistreatment.

“On December 1, 2022, during a minor argument, I experienced one of the most severe beatings of my life at the hands of my husband. I was left bruised and battered, to the extent that I could not attend the birthday ceremony of Toyin Akeredolu, the younger sister of Governor Akeredolu, in Ibadan. He threatened to kill me, uttering words of disdain.

“On Friday, December 2, I traveled to Ibadan to meet with the First Lady, Chief Betty-Anyanwu Akeredolu, to report Lucky’s actions. When she saw my battered face, she was enraged. She subsequently reported Lucky to the Governor. Lucky used to be the First Lady’s favorite, but since that day, she has distanced herself from him.

“Upon returning to Akure, even with my bruised face, Lucky slapped me again. He accused me of exposing him to the Governor and First Lady. He not only slapped me but also poured Hennessy on my head, berating me as a worthless woman.

“A few days before the FOWOSO summit, I was burdened with depression and numerous issues. I had already made up my mind not to attend the program. However, Lucky approached me, pleaded, and promised never to harm me again. I had to apply heavy makeup and wear dark glasses to conceal the bruises on my face, just to attend the event.

“By the end of January, Lucky resumed his abusive behavior. As much as I am a strong supporter of his aspirations to succeed the Governor, I have consistently advised him to exhibit decorum in his public life.

“Every time I mentioned this, he dismissed it as jealousy and insecurity, showing no regard for my feelings. Disrespectful calls were frequently received at our home, especially from one Ambassador Tolu Taiwo, one of his girlfriends.

“During the first week of February, we had a conversation about his political aspirations, and I advised him to refrain from making certain remarks to people. Instead of considering my advice, he unleashed his anger on me, subjecting me to further physical abuse. He threatened to kill me and make another woman the First Lady when he becomes Governor.

“Lucky not only assaulted me but also locked me out of the house. I had to spend two nights at St. Jacob Hotel. He instructed the gatekeeper not to allow me entry. From there, I had to travel to Lagos and eventually moved to Ilesa, my hometown.

“After being locked out, my driver eventually went to the house to retrieve my bag, which contained my passport. Since then, I have relocated to London.

“I am aware that Lucky may attempt to deny this story once again. However, I urge you to question him: Why have I not refuted the allegations of his abuse?

“He is my husband, and no woman would want to falsely accuse her spouse. If he claims that all of this is untrue, ask him to call me and put our conversation on speaker. He is well aware of my position on this matter. I refuse to continue hiding and suffering in silence.

“Once again, the First Lady is fully aware of this situation.

If Lucky denies it once more, I will come out with pictures and videos, no matter how humiliating it sounds. I am taking this step because I can no longer endure this situation silently.”

 

OLUWASEUN ESTHER AIYEDATIWA

LONDON, UNITED KINGDOM

7TH JUNE, 2023.

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