#KogiGovRace: Cash Crunch Hits Kogi Banks as APC Holds Primary

405
Spread the love

As the All Progressives Congress (APC) holds its Kogi State governorship primary on Saturday, there are  indications that large cash withdrawals  from banks operating in the state capital, Lokoja,  may have created liquidity crisis for customers.

Checks conducted  round major commercial banks in Lokoja, revealed that customers found it extremely  difficult to withdraw above certain amounts across the counter.

This also has caused long queues of customers at the counters, with many of them being on the line for hours without receiving the desired service.

The situation was worse at the ATM machines as long queues emerging only to get an explanation  from the voice service saying “ network busy try again”

THISDAY gathered that the liquidity crisis might not be  unconnected with the coming Saturday APC primary election  where most of the aspirants might have allegedly entered an agreement with their banks for their cash needs.

Meanwhile, most of the hotels in Lokoja have been fully booked and delegates who have suddenly become tin gods were camped by the bargaining  power of the aspirants.

Source


Spread the love



Leave a Reply

Your email address will not be published. Required fields are marked *