The Managing Director of the Yobe Micro Finance Bank, Sheriff Muhammad Almuhajir, has alleged that the sum of N4.3 billion disbursed by the Central Bank of Nigeria, (CBN), to banks in the State has been diverted.
“I want to tell you that, I got reliable information that the Central Bank of Nigeria, Damaturu Branch, has disbursed the sum of 4.3 billion naira to banks in Yobe State.
Almuhajir also alleged that the N4.3 billion disbursed to commercial banks was not in circulation in the state, thus accusing some bank managers of diverting the funds out of the state.
He alleged that the new Naira notes currently in circulation across the state are not up to one billion Naira.
The bank MD argued that even if the ATMs would be dispensing cash every minute, the amount could not be withdrawn in a week.
“What is the population of Yobe State?
“How many commercial banks do we have in this state? How many ATMs do we have?”, he asked.
Almuhajir also argued that some Points of Sale operators provide better services than most commercial banks operating in the state.
Source: Daily Post
