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Just in: CBN To Deal With Banks For Not Dispensing Cash Via ATMs

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By Kayode Sanni-Arewa

The Central Bank of Nigeria (CBN) has announced that it will sanction banks failing to dispense cash through their automated teller machine (ATMs), as part of efforts to ensure sufficient cash in circulation.

This Nigeria news platform understands that CBN Governor, Yemi Cardoso said this during a press briefing at the end of the 297th Monetary Policy Committee (MPC) meeting in Abuja on Tuesday.

The governor emphasized that all deposit money banks must ensure there is always enough cash available for withdrawals.

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CBN monitors banks
The CBN governor said that the apex bank has set up a monitoring system to ensure compliance, and any bank not adhering to this directive will face penalties.

Cardoso reiterated that the CBN’s monitoring and spot-checking system would keep track of banks’ compliance, and those failing to meet the requirement would be sanctioned.

He said: “We ourselves, have devised a monitoring system, a spot-checking system, whereby we will go to the banks and just ensure that these things are done in the way and manner in which they are meant to be done.

“And if they are not, again, there will be sanctions but I believe that at the stage we are in now, everybody realises that stakeholders play their part in ensuring that cash gets to the desired places they are intended to be.”

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N1.4 trillion to be released in next three months
Cardoso further disclosed that the CBN plans to release an additional N1.4 trillion into circulation over the next three months to improve cash flow within the banking system.

This move, he said, is aimed at ensuring sufficient cash availability in ATMs and across bank branches, addressing the challenges of cash insufficiency that many customers have faced.

He said: “Another N1.4 trillion is likely to be delivered in another three months to aid that whole process of cash within the system and cash velocity.

“So, from our perspective, we are doing everything possible to ensure that there is sufficient cash in the system. There is no excuse for not having sufficient cash in the system.

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“Now it goes to the deployment of that cash and quite frankly, we are working very, very closely, we are engaging with all the deposit money banks to ensure that they are putting these things through their ATMs, effectively dispensing cash to those that are in need.

“And whether they are in need or not, that’s the function of the deposit money banks. And at all points in time, there should be sufficient cash in their system that nobody should go there without being able to withdraw.”

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World Malaria Day 2025: WADEM restates commitment to end malaria, sensitises Osun residents

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As part of its activities for this year’s World Malaria Day, the Women and Development Movement (WADEM), has expressed its unwavering commitment to eradicating malaria from every environment.

The group reiterated its commitment on Friday in Osogbo the Osun State capital in commemoration of this year’s World Malaria Day, observed globally every April 25.

WADEM organises a symposium which witnesses health talks, free medical tests, and the distribution of antimalarial drugs to the attendees to support efforts by both government and non-governmental organizations aimed at combating the high malaria burden in sub-Saharan Africa.

While speaking, a health practitioner from WADEM, Mrs Owadara noted that this year’s World Malaria Day theme, “Malaria Ends With Us: Reinvest, Reimagine, Reignite,” closely aligns with the group’s vision of making a tangible impact in the global fight against the disease.

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She advised the general public against assumptions of any health symptoms and self meditation, noting that examination of individuals’ health at the hospital is the best way.

Owadara made it clear that, there is no one without malaria, the important thing is to take care of ourselves by visiting the hospital, imploring residents to visit the hospital for accurate diagnosis of treatment rather than relying on herbal concoction or self medication.

She also encouraged people to maintain a clean environment to prevent mosquito breeding, and eat balanced diets.

“As we all know today is world malaria day, which means, a disease that is caused by the biting of mosques. We shouldn’t allow drainage or storing of water around our vicinity because that is part of what gives us malaria, especially when female mosquitoes lay eggs in it.

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“Malaria is widespread globally, the use of mosquito nets is highly advisable which is part of what prevents us from having malaria.

“Whenever we get to the hospital we should cooperate with the nurses to examine us.

“It is advisable to eat fruits, especially at dinner. We shouldn’t eat the same classes for food to complete three square meals. Importantly we should cultivate the habit of eating balanced diets,” Owadara concluded.

In their separate remarks, representatives of the Osun State University medical students, Adegbola Esther Jumoke among other stakeholders from Market women, hairdressers, tricycle and okada riders also acknowledged the efforts of WADEM in sensitising the public about the danger of malaria. They thanked the organisers for the free medical tests and drugs.

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A short drama was organised by the media students to enlighten and educate the public about the hazards of self medication.

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Osun 2026: Market associations endorse Adeleke’s second term

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The Osun State Market Association on Friday declared its support for the incumbent Governor of the state, Senator Ademola Adeleke, to run for a second term in office.

While declaring their support for the governor at a ceremony held at Olonkoro City Hall, Osogbo, the state capital, the association—led by its leaders, Babaloja and Iyaloja from Osogbo and Olorunda Local Government Areas—stated that the governor deserved a second term due to his remarkable achievements in both human and physical development across the state.

Led by the Babaloja General, Chief David Ojo, the association commended the governor for his accomplishments in road construction, which have boosted commercial activities in the state.

According to him, Adeleke’s infrastructural development drive has improved access to markets, thereby enhancing trade and commercial activities in the state capital.

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Represented by the Babaloja of Orisunbare Market, Adeoti Qamardeen, Ojo said the association rallied support for the governor to enable him to complete the good work he has started.

He affirmed, “Since assuming office, Governor Adeleke has demonstrated visionary leadership and an unrelenting commitment to the economic development of Osun State, particularly in the area of trade and commerce, which lies at the heart of our association’s interests.
Under his administration, several key road infrastructure projects have been initiated and completed, directly benefiting market accessibility, local transportation, and commercial activities.”

Responding on behalf of the governor, the Special Adviser on Market Affairs, Mrs. Eniola Omotosho, said the endorsement would further motivate the governor to deliver more dividends of democracy to the people.

While acknowledging the gesture from various market leaders and associations, Governor Adeleke reiterated his administration’s commitment to delivering on his five-point agenda with a focus on safeguarding the welfare of the people of Osun State.

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Akpabio arrives Vatican ahead Pope’s funeral

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The leader of Nigerian delegation to the Vatican city for the burial of Late Pope Francis, His Excellency, Distinguished Sen Godswill Obot Akpabio has arrived the Vatican city.

The Senate President wrote:

As the Leader of Nigeria’s delegation to the burial ceremony of Pope Francis, I paid tribute to our departed Pope, on behalf of President Bola Tinubu and the Nigerian People at the Lying-in-State of Pope Francis, inside St Peter’s Basilica, Vatican City.

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