Some bank customers on Monday criticised the new Central Bank of Nigeria (CBN) policy, which cut down withdrawals from Automated Teller Machines (ATM).
The customers in Jos, Plateau State expressed disappointment with the policy which cut down ATM withdrawals from N100,000 to N60,000.
Mr Sunday John, a trader, said that the policy would cripple business activities, especially during weekends.
According to him, the new CBN directive contradicts its cashless policy and should be reversed.
“ This is because most banks customers, who have become used to going to ATMs to withdraw whenever they have need of cash, are now constrained to make maximum withdrawals.”
Mr Emeka Chika, another customer, said that the policy was “not business-friendly.”
He said that as a businessman, the policy would affect his capacity especially during weekends.
Mr Emmanuel Chukwu said that the policy had delayed him from finishing a project at the weekend due to insufficient fund.
He appealed to the CBN to “provide an alternative or increase the cash withdrawal limit.”
