The Central Bank of Nigeria (CBN) has imposed a fine of N1.35 billion on First Bank, UBA, Zenith Bank, Fidelity Bank, Globus Bank, Providus Bank, Keystone Bank, Union Bank and Sterling Bank for failing to dispense cash to members of the public through their ATM systems.
Each of the nine banks were fined N150 million.
The apex bank said in a statement that the fine became imperative after several warnings to banks on the issue of not dispensing cash through the ATM.
