House of Reps Write CBN On Fake ATM Currency Notes
The House of Representatives yesterday said that it had written to the Central Bank of Nigeria to explain the source of fake currency Naira notes being dispensed by some banks' Automated Teller Machines.
Lawmakers claimed that they had received at least two complaints from members of the public on the fake currency notes.
The Chairman, House Committee on Banking/Currency, Mr. Chukwudi Jones-Onyereri, told members that the committee stepped into the matter immediately it received the reports.
“The Committee on Banking/Currency has directed the Clerk to write the CBN for explanations. We are aware of the problem and the committee is already looking into it,” he said.
Jones-Onyereri briefed the House on the steps taken by the committee following a motion sponsored by a member from Kogi State, Mr. Tajudeen Yusuf.
According to him, the dispensing of fake currency notes will affect the smooth implementation of the CBN’s cash-less policy should Nigerians lose confidence in the ATMs.
Yusuf alleged that a syndicate involving bank employees might be at work. “Someone must have put the fake notes in the ATM; the machine can only dispense what was placed inside it,” he added.
