Lagos - The Central Bank of Nigeria (CBN) says it will facilitate
the introduction of Automated Teller Machines (ATMs) that
can dispense coins to encourage Nigerians imbibe the culture
of spending them.
Mr Chidi Umeano, Head of Shared Services at CBN, on
Monday in Lagos said that this plan was in tune with the
currency restructuring exercise.
He said that the coins dispensing ATMs would hasten the
acceptance of coins by Nigerians and change misconception
about their use.
“To achieve this plan, what is needed is to facilitate the
inclusion of a process called “add-on” to the ATMs.
“Good enough, the existing ATMs have the “add-on“ feature
that will easily make them adapt to coins dispensing, “ he
said.
Umeano said that the apex bank would ensure that newly
deployed ATMs had the “add-on“ feature among others.
“It is very possible to achieve Automated Teller Machines
that will dispense coins.
“This “add-on” feature can be activated on the ATMs at any
time by the CBN and this is not new because it is being
practiced in advanced countries.
“This proposal is in consonance with our cash-less policy
and also in line with the CBN’s effort to encourage Nigerians
to appreciate coins, “he said.
Mr Dipo Fatokun, CBN Director of Banking and Payments
System, had in August said that the apex bank would soon
facilitate the introduction of multi-functional ATMs.
Fatokun said that such ATMs would also be able to accept
deposits from customers and credit their accounts
immediately. (NAN)
by ROTMANLUV 2023-07-08, 17:34
