Panic buying hits Taraba ahead of tomorrow’s polls
The people of Taraba State yesterday engaged in panic buying in anticipation that the restriction of movement during tomorrow’s Presidential and National Assembly elections may be extended. While many people were cited trooping to markets to buy food items and other valuables, customers also besieged banking halls making last-minute withdrawals and deposits. There were long…
Stop ATM charges, bank customers urge CBN
Some customers of commercial banks in the Federal Capital Territory (FCT) have appealed to the Central Bank of Nigeria (CBN) to stop charges on transactions made through Automated Teller Machines (ATMs).
Two policemen killed in Ekiti bank robbery
Three persons, a bank worker and two policemen, were killed when armed robbers invaded a new generation bank in Ijero, headquarters of Ijero Local Government Area of Ekiti State yesterday, which took place at about 4:30p.m. few minutes after the bank had officially closed for work. It was gathered that the robbers gained entry into…
The Senate and excess ATM charges
The Senate resolution on banks in the country imposing excessive and illegal charges on their customers’ ATM transactions is significant and timely. According to reports, the resolution specifically directed the Committee on Banking, Insurance and Other Financial Institutions and Finance to conduct an investigation into the propriety of ATM card maintenance charges in comparison with…
Cyber thieves raid banks, inflict losses
Nigerian financial system has been jolted by a lethal development; and that is the growing activities of cyber criminals who work in and outside the system. Website cloing, Identity fraud and Automated Teller Machine (ATM) scams, are now so rampant that the Central Bank of Nigeria (CBN), banks, switching companies, the police and users are…
Police arrest ATM fraud syndicate, recover 30 ATM cards in Enugu
The Police Command in Enugu State has arrested a three-man Automated Teller Machine (ATM) fraud syndicate operating within Enugu city. In a statement on Friday in Enugu, the command’s spokesman, SP Ebere Amaraizu, said the police operatives recovered 30 ATM cards belonging to different individuals from the syndicate. Amaraizu said the syndicate was smashed by…
Banks and the menace of excess charges
There should be measured jubilation by customers of banks in the country on the new stance of the Central Bank of Nigeria (CBN) that banks imposing excess charges on their customers would be made to refund such with interest. CBN took the stand as a result of “repeated complaints from banks’ customers of excessive charges…
When thieves use PoS to do their business
Recently, there have been reported cases of robbers snatching people’s Automated Teller Machine (ATM) cards to withdraw money; using Point of Sale (PoS) device to accomplish their criminal acts.
Video: J.Cole's Releases Visuals For 'ATM'
J.Cole released visuals for his song ATM, the first single off of his latest album KOD. The song addresses people's addiction for money and capitalism. The video was directed by Cole and Scott Lazer and takes after Hype Williams videos for Missy Elliott and Busta Rhymes. Enjoy! https://youtu.be/vUTI4bPdlgE
Bank customers face challenges at ATMs in Benin
Barely 24 hours to Christmas, bank customers in Benin lamented over inability to make withdrawals from Automated Teller Machines (ATM) .