CBN threatens to sanction banks over ATM cash shortages The Central Bank of Nigeria (CBN) has issued a warning indicating that it will impose fines on financial institutions that fail to address the ongoing cash shortages at Automated Teller Machines (ATMs). This statement was made by CBN Governor Olayemi Cardoso during the annual Bankers’ Dinner hosted by the Chartered Institute of Bankers of Nigeria in Lagos on Friday. Recent reports have highlighted a growing issue of cash shortages both at ATMs and within bank branches, prompting the CBN's decisive stance on the...