Daily Trust (Abuja)
Idris Ahmed
2 July 2009
Abuja — Nigerian Banks can still leave their Automated Teller Machines (ATMs) in public places up till August 31, the Central Bank of Nigeria (CBN) has said.CBN had, on April 7, directed banks to remove their ATM machines from public places like hotels and airports. No bank has complied with the directive.
A new circular from the apex bank posted on its website said procedure for registering and establishing ATM consortium be communicated to banks soon.
CBN said: "The Central Bank of Nigeria has observed that there is little effort by deposit money banks to comply with the directive to establish two ATM consortia for the purpose of effective management and operations of offsite ATMs.
"In the meantime, we hereby extend the deadline for the removal of deposit money banks' ATMs in public places by two months from the earlier date, June 30, 2009. In order words, the new deadline is now 31st August, 2009."
In April, CBN's directive said banks were competing with ATM consortium in deploying ATMs to places like airports and hotels, thereby causing congestion.
One of the policies guiding the operations of ATMs consortium (ATMC) is that the ATMC shall have the sole mandate to deploy ATMs at public places while the banks shall deploy ATMs only within their premises.
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