Although the Petroleum products
marketers and the Federal Government, Monday, reached an agreement over the
lingering fuel crisis in the country, there are strong indications that
commercial banks may close their business offices and even shut down Automated
Teller Machines, ATMs, across the nation if petroleum products are not readily
available.
Major Oil Marketers Association
of Nigeria, MOMAN, had agreed to call off their strike action over unpaid
subsidy claims and commence lifting of petroleum products nationwide. Continue..
Meanwhile, some of the
commercial banks in Lagos including Guarantee Trust Bank, First City Monument
Bank, FCMB, among others on Monday sent text messages to their customers on the
possibility of shutting down banking operations if the situation continues.
Given the shortage of petroleum
products in the country, some of the commercials on Monday, according to
Vanguard Hi-Tech findings were compelled to close down banking operations by
1:pm as against 4:pm official closing time.
FCMB in a text message sent to
its customers stated clearly that, “Dear customer, our branches will close at
1pm from Monday May 25th, 2015 due to the shortage of petroleum products. All
our alternative channels will remain available”
What this means is that
majority of Nigerian commercial banks will not be working at full capacity if
the scarcity had continued.
Just last weekend, some of the
ATMs located in Ikeja city had network problems as the inverters that power the
network had little or no power to run the machines.
“The ATMs will be affected in
the current scenario. It is inverter that powers ATMs after daily banking
operations. By the time the inverters runs down, the ATM will seize to work.
That is the simple truth about it”, a bank official in one of the banks located
in Ikaja told Vanguard Hi-Tech in an interaction.
According to her, the
commercial banks will be compelled to be running half day if the situation
remains.
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