Respite for residents as Onitsha banks dispense huge cash

Respite for residents as Onitsha banks dispense huge cash

…Most banks in the State paid as high as N300,000 respectively to each customer

Customers in most commercial banks in Onitsha and environs, Anambra State, smiled home for the first time since the lingering cash scarcity ocasioned by new naira redesign by the Central Bank of Nigeria (CBN).

Most banks in the commercial city of the State paid as high as N100,000, N200,000 and N300,000 respectively to each customer that requested for such amounts.

However, majority of the banks dispensed cash through the counter and not through the Automated Machines, ATM, resulted to a crowded banking halls and low queues at the ATM points.

A customer in one of the banks at Port Harcourt road Fegge Onitsha, who identified herself as Mrs Mary Ann said she had planned collecting N20,00, but ended up withdrawing N100, 000.

She said, “I left my house by 5.30 to get to this bank to collect tag number. At about 8.30am the bank officials started calling us by our number.

“They told us that this time those who want to be paid up to #100, 000 can indicate. I had in mind of  withdrawing N20,000 but on announcing N100,000, I rewrote in the teller N100,000.

“I am happy that with this sum collected I will not frequent the bank again for now. With the huge payment it will reduce the large turn up of customers on daily basis.”

Jeremiah Ukoha, a trader, revealed that he was paid N150,000 by his bank contrary to his expectations, saying he had been collecting N5,000 each time he visited the bank.

“I was even told that some banks started paying up to N300,000. This is good. People have suffered much in coming to banks on daily basis. Some people may have died as a result of this naira scarcity,” he said.

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