UBA confirms new notes available at ATMs

United Bank for Africa (UBA) Plc has released a public statement announcing that the new Naira notes can now be accessed by Nigerians at any of its Automated Teller Machines (ATMs) across the nation.

In a note to its customers published on Sunday, the financial institution indicated that there is a limit to the withdrawal amount possible through this means.

The message, in part, read: “We are happy to inform you that the newly redesigned naira notes are now available at all UBA ATMs nationwide. Please note that the maximum daily cash withdrawal limit for these notes at our ATMs is N100,000.”

According to reports, a report was issued by the Central Bank of Nigeria (CBN) over the weekend, directing commercial banks across the nation to quit handing out the redesigned notes to customers through over-the-counter (OTC) transactions and limit access to ATMs.

The directive is believed to be in response to growing complains among Nigerians who expressed dissatisfaction with the lack of easy access to the new notes at the ATMs of lenders, some of whom were perceived to be undermining the apex bank’s plan, which lists 31st January, 2023 as the last day for the old notes as valid legal tenders.

The National Assembly alongside several everyday Nigerians have implored the central bank of Nigeria to extend the dats by three to six months, in hopes that this will ensure holders of the old notes (particularly the N200, N500 and N1,000 notes) especially in the rural communities, have sufficient leeway to exchange them for the redesigned currency notes.

One reporter who visited a branch of the bank in Lagos State confirmed that United Bank for Africa (UBA) has indeed loaded its ATMs with the redesigned Naira notes. The development has been lauded by customers who see it as a step in the right direction.