Cash Trapped: Iseyin Banks Pay Customers #3000 Each ….As Itesiwaju, Iwajowa and Kajola LGs Residents Besiege Iseyin Banks

Cash Trapped: Iseyin Banks Pay Customers #3000 Each

….As Itesiwaju, Iwajowa and Kajola LGs Residents Besiege Iseyin Banks

Due to lack of commercial banks operating in the whole of Itesiwaju, Kajola and Iwajowa local government areas, residents of these areas have resorted to sleeping over at Iseyin banks so as to get cash since the Central Bank introduced the new currency swap in the country.

Recollect the Kajola local government used to have a commercial bank which was shut about four years ago after a bloody robbery attack on the bank.

The Chronicler Newspaper gathered that customers that visited banks in Iseyin on Wednesday waited from as early as 5am till afternoon when the bank decided to pay each of the customers a paltry three thousand naira each to customers that have as much as millions of naira in their accounts.

A close source among the bank staffers told our correspondent that the supply the banks got from the Central Bank was to be fed directly into the Automated Teller Machines (ATMs) and not to be paid on the counter, as they were being monitored from their headquarters and CBN.

”It is pathetic, people practically sleep at the ATM points not minding the risk, some are even saying we are at fault, but we are as powerless as our customers, we pray things change for better,” lamented the bank official who sought anonymity.

Visit to the First Bank at Oluwole area of Iseyin, UBA also at Oluwole, Ecobank at Oja-la and Union Bank at Barracks area revealed that each of the banks have customers in their thousands waiting to access their monies in the various banks.

The Central Bank had recently announced a shift of the last date of the old note collection for another ten days, but the fear in people’s minds has been how they would survive till the new currency notes will be sufficiently available for them to transact and purchase items.