NEWS

Nigerian Banks Are Fraudulent – Filmmaker Laments

Written by Rey Jeremiah

Award-winning filmmaker, Jade Osiberu, has decried the “fraudulent behaviour” of Nigerian banks that limit the withdrawal amounts at their ATMs.

Usually, ATMs can dispense as much as N20,000 in a single withdrawal, but some banks have restricted the maximum withdrawal amount to N10,000 in order to gain extra charges from customers who make multiple withdrawals from their machines.

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Taking to Twitter, Jade called out the banks and questioned why the Central Bank is permitting their latest money-making strategy.

She tweeted:-

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Rey Jeremiah

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