Banking halls empty as naira scarcity worsens
Banking halls across various commercial banks in Lagos, Osun, Ekiti, and other parts of the country witnessed minimal activity as frustrated customers resorted to alternative means of cash withdrawal following the scarcity of naira notes in the banks. Checks by our correspondents revealed that while most banking halls were empty due to paucity of funds in bank vaults, large crowds had formed outside some of the few banks that were rumoured to be preparing to load their Automated Teller Machines. At First Bank Plc branch along Ogunnusi road in Lagos, there were a few customers arguing with bank officials who had insisted that the branch had run out of cash. The story was similar at Ecobank, Zenith Bank, GTCO and Access Bank, all located in close proximity to each other along Ogunnusi road. However, at Union Bank Plc, also located within the same axis, there was a sizable crowd of commuters jostling through the queue hoping that the bank would load its ATM. One of our correspondents then went further down the road inbound to Ojodu Grammar School, visiting UBA and Access Bank. At the United Bank for Africa, the ATM did not dispense cash nor were any payments made over the counter.
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