Comments on: ATM Woes in Nigeria: Your Financial Institution is NOT available

By: Abasiofon Oscar

Abasiofon Oscar — Sun, 05 Dec 2010 16:37:42 +0000

ATMs are large part of the modern banking world. The major problem with ATM is Atm fraud. This problem is very common in Nigeria due to lack of knowledge of the usefulness of the card by the users. Being educated on the use of Atm and the risk and dangers involved in the use of the Atm card will help a great deal in solving this great problem.

By: oscar from Ghana

Fri, 28 Aug 2009 07:22:07 +0000

When the Atm says:Your Financial Institution is NOT available.It means there is not link or connection between the terminal and the Switch or it can not see or establish the link to your Bank.
Therefore,the ATM could be okay

By: Remi Oyefiade from Nigeria

Mon, 08 Jun 2009 11:11:09 +0000

The ATM is without doubt a good banking innovation in Nigeria. It will surely have its problems like any other bank product. The important thing is for both operators and regulators to follow its operations and the trend of issues and problems and come up with solutions and regulations. One known problem of the ATM today is the security features of the Cards which the banks should look into.

By: Wayan from Satellite Provider

Mon, 18 Aug 2008 05:52:36 +0000

For all that’s said about safety in Nigeria, I’ll take the moneychangers outside the Sheraton in Abuja as proof of security. They have wads of cash on their person, I’d say about $10K per, and yet no fear of handing cash through a car window to complete strangers.

Oh, and they give a better rate that the ATM’s inside the Sheraton too. There was a Zenith and a Standard & Charter and I didn’t have a problem with either, or the Zenith I used somewhere random in Lagos.

By: Quick Hits Around Africa - Focus on Nigeria — White African from California, United States

Wed, 13 Aug 2008 17:58:36 +0000

[...] David Ajao talks about Automated Thieving Machines (ATMs) in Lagos, [...]

By: Oluniyi D. Ajao from Ghana

Mon, 11 Aug 2008 22:32:38 +0000

Dealing with those folks for forex transactions is quite risky too. Why not use banks or legitimate forex bureaux? Anyway, whatever you do, stay safe.

By: Wayan from Federal Capital Territory, Nigeria

Mon, 11 Aug 2008 21:59:36 +0000

I am in Lagos at the moment and was warned by many locals not to use the Auto Thief Machines. They feel that trading USD for Naira with random northern Nigerians is safer than using Western-leaning banks. When i run out of USD, I’ll let you know how the ATM experience goes.