NANS CONDEMNS CBN ATM WITHDRAWAL POLICY.

PRESS STATEMENT

14/08/2014

NANS CONDEMNS CBN ATM WITHDRAWAL POLICY.

... Calls For Policy Reversal.

The National Association of Nigerian Students (NANS) zone B condemns in its entirety the current policy of the Central Bank of Nigerian (CBN), authorizing the payment of 65 Naira for withdrawal with another bank. This was contained in a statement by the coordinator of the zone; Comr. Okorie Ikechukwu, while addressing newsmen on the Anti masses policy of the Central Bank of Nigeria and calls for an immediate reversal of the policy or the entire students in South-South and South-East will be mobilized to lock all banks operating in our campuses and Central Bank of Nigeria offices within the zone.
Also Speaking, the Public Relations Officer (PRO) of the organisation; Pedro Obi, questioned the rationale behind this harsh policy on the masses, is it that our economy is growing forward or backward? Is it not this same CBN under Emefiele that donated 15 Billion few weeks ago to fight insurgency. Of whose benefit is the policy meant to serve? There is absolutely no reason while Emefiele should return us back to 20th century banking system.
First it was the policy on destruction of trapped ATM Card, even when most cases are as a result of poor network service or mechanical fault by the operator itself, yet CBN can't proffer workable solutions and now it is reintroduction of payment for ATM withdrawal, who knows what is next. It seems all what Emefiele and his team are good at is Anti-masses Policy.
I must say that this policy will be counter productive as it is in strong conflict with the Cashless policy of this same Bank.
The Nigerian Students say NO to this obnoxious policy as the Nigerian Students/Youths will be the most affected if implemented.
We therefore call on all Nigerian students across the Federation to be at alert as we mobilize against this Anti-People Policy.

Aluta Continua... Victoria Ascerta...

Sign:
Pedro Chibuzo Obi,
PRO NANS Zone B.