Have you noticed that ATM withdrawals is the latest business of banks nowadays?
From the back door, the policy of pay N65 after three(3) withdrawals from another bank was changed to every withdrawal from another bank at
N65.
Every bank in Nigeria now investing in ATM since Nigerians no longer allow their money to stay in the bank, it is either you are paying someone or someone is paying you. The numerous ponzi schemes that sprouted since the existence of mmmnigeria has made Nigerians wiser and since bankers no longer get money to do their usual business reaping Nigerians off has become their newest techniques of staying in business.
Meanwhile, N10,000 limit per withdrawal has been placed instead of N20,000 limit per withdrawal. For a N30,000 withdrawal, one would be paying N195, imagine millions of transactions everyday and the new wave of bank exploitation!
Where is the Nigerian Deposits Insurance Corporation? It's their responsibility to protect the depositors against such fraudulent practices. Either they are ignorant or compromised. I suggest we forward a protest letter to them and wake them up to their responsibility.
React to this post angrily to communicate to the relevant authorities.
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