Sunday, 25 December 2016

There is shortage of money in the Oil City of Port Harcourt.


Customers of commercial banks in the Rivers State capital, Port Harcourt, have continued to experience difficulties in accessing their deposits due to insufficient cash.
 
From what used to be hours of waiting on queues at Automated Teller Machines, some depositors have resorted to spending the night at ATM points just to withdraw from their savings.
Various Commercial Banks premises in Port Harcourt have continued to be crowded by people apparently scrambling for liquid cash as early as 6am.
 
Daily Post reports that there were massive crowds at some banks around Rumuokoro, Ikwerre Road and Olu-Obansajo axis of Port Harcourt, both inside the banking halls and at the ATM points outside.
 
Without any clue about what could be the cause of the problem, some bank customers took out their frustration on other desperate depositors.
The pressure is further compounded by the need to stock up household items and foodstuff for the Christmas holiday.
 
At a new generation bank, customers inside the banking hall were told they can only withdraw N10,000 once for the day, against their wish.
 
Meanwhile, there has not been any official statement from any of the banks or the regulatory institutions, explaining the reason for the situation.


torinews

7 comments:

  1. Haba now.. This s very terrible.. Phc doesn't have sufficient ATM machines and I wonder why...and very few banks too..

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    Replies
    1. Noooo. There are many banks o. Oil money too much so the ATMs are groaning . Hahaha.

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  2. The crowd at ATMs in Mkd on the 24th of December was something else. Omg but it eased up now though

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  3. this city was once blossoming but now recession has brought it to its knees

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    Replies
    1. My dear,the recession is dealing with people in every city.

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  4. Calabar Carnival QueenDecember 27, 2016

    wtf is happening to the economy

    ReplyDelete
  5. This is ridiculous to happen in the giant of Africa

    ReplyDelete