Naija Gist

Bank in trouble as ATM dispenses fake Naira notes in Edo

In what could be described as shocking, a federal civil servant in Edo State, identified as Charles Ajiboye, has raised the alarm, alleging that an Automated Teller Machine, ATM, belonging to a new generation bank in Edo State, dispenses fake Naira notes. Bank in trouble as ATM dispenses fake Naira notes in Edo.

Ajiboye petitioned the Edo State House of Assembly, explaining that upon finding out the notes he got from the machine were fake, he approached the security operatives at the bank but they blatantly shunned him.

Bank in trouble as ATM dispenses fake Naira notes in Edo

Bank in trouble as ATM dispenses fake Naira notes in EdoAccording to the petition, which was read during the House’s proceedings on Thursday, September 7, 2017, by the Clerk of the House, Mr. James Omoataman, the petitioner said he used the ATM close to the popular Oba Market.

Here’s what the petition read: “Sir, to my rudest shock, on presenting N3,000 for payment after buying some food items, the seller observed that one of the notes was fake.

“I immediately went back to the bank and accosted some security men on duty who blatantly told me to go away as there was nothing they could do, that I would not be the first person to withdraw a fake note from an ATM in Nigeria.

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“Irked by this response, I went to Oba Market Police Station, where I formally reported the matter. The bank’s act, for dispensing fake Naira notes via its ATM, is a crime – short and simple.

“I may not be the first person to have fallen victim of this crime by the bank. Perhaps, other victims may have considered fake notes so insignificant to belabour themselves over.

Bank in trouble as ATM dispenses fake Naira notes in Edo“Arising from the above, it is my belief that if this practice is not checked by appropriate sanctions, including sanctions by the supervising bank, the CBN, there are tendencies that fake Naira notes will continue to be dispensed alongside genuine bank notes by the bank.

“I, therefore, seek the intervention of the Edo State House of Assembly by investigating the matter with a view to recommending appropriate sanctions on the bank to serve as deterrence to other banks.”

In his response, speaker of the House, Alhaji Kabiru Adjoto, referred the matter to the House Committee on Finance. The Speaker gave a two-week ultimatum to the House Committee on Finance to investigate and report to the House.

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