The House of Representatives has directed its Committee on Banking and Currency to investigate an alleged dispensing of fake naira notes by some Automated Teller Machines, ATMs, in some elements of the country.
Moving the motion under matters of urgent national importance, Hon. Yusuf Ayo Tajudeen, noted that in 2001 the Central Bank of Nigeria, CBN, introduced ATMs as a platform for transacting business by customers and used as payment modules in carrying out other businesses such as for instance money transfer, payment of utilities and similar transactions which had impacted positively on banking operations, service delivery and safety of customers fund.
