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Nigerian police to treat protesters who attack banks, ATMs as robbers

Nigerian police to treat protesters who attack banks, ATMs as robbers

NIGERIAN police said some citizens frustrated by cash shortages in the country were attacking banks and vandalising cash-dispensing machines and warned that they would be treated as armed robbers. The Association of Senior Staff of Banks, Insurance and Financial Institutions (ASSBIFI) said its members would stay away from work in states where bank branches were being attacked "until normalcy is restored." Ahead of next week's election to choose new lawmakers and a successor to President Muhammadu Buhari, frustration is rising in Africa's most populous nation over a central bank plan to swap old naira banknotes for new ones. The move…
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Protesters who attack banks, ATMs are robbers – Nigerian police

Protesters who attack banks, ATMs are robbers – Nigerian police

NIGERIAN police said some citizens frustrated by cash shortages in the country were attacking banks and vandalising cash-dispensing machines and warned that they would be treated as armed robbers. The Association of Senior Staff of Banks, Insurance and Financial Institutions (ASSBIFI) said its members would stay away from work in states where bank branches were being attacked "until normalcy is restored." Ahead of next week's election to choose new lawmakers and a successor to President Muhammadu Buhari, frustration is rising in Africa's most populous nation over a central bank plan to swap old naira banknotes for new ones. The move…
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SA banks replaces 1400 looted ATMs

SA banks replaces 1400 looted ATMs

SOUTH African banks have revealed that replacing 1,400 automatic teller machines (ATMs) vandalised and looted during recent violent unrest could take about two months. As much as R20- million rand could have been taken, "however that is a rough estimate," according to Bongiwe Kunene, managing director of the Banking Association South Africa. Days of riots and looting earlier this month left more than 300 people dead and damaged thousands of businesses, including 269 bank branches. Banks are still assessing the extent of the damage and developing recovery plans, with the indicative average replacement cost of an ATM at 385 000…
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