Hours to major election, cash remains scarce
In many parts of Ikeja, ATMs no longer dispense cash, either old or new. And the queues at commercial banks have increased.
In about 24 hours, many Ikeja residents will troop out to cast their votes in presidential and legislative elections. But as of this week, the currency crunch precipitated by the central bank’s redesign of the naira continues to be a major source of worry.
In many parts of Ikeja, ATMs no longer dispense cash, either old or new. And the queues at commercial banks have increased.
After President Muhammadu Buhari ordered that the N200 note be recirculated, banks have begun to dole out the notes over the counter with a maximum withdrawal of N5,000, according to people who spoke to The Record.
Despite the difficulties arising from the naira policy, some residents told The Record that it has some advantages.
“This cash policy programme is very good; we all love it because carrying cash from one place to the other is…
