December 4, 2022



Clients categorical frustration as Nigerian Banks ration PTA

Some clients of economic banks within the nation who utilized for the $4,000 Private Journey Allowance (PTA) as a part of necessities in processing their travelling overseas have expressed frustrations following the rationing of Greenback amongst candidates resulting from shortage.

A buyer who visited one of many banks in Allen space of Lagos mentioned she was stunned when she was handed $2,500 {dollars} of the $4,000 due her underneath the statutory provision on Private Journey Allowance (PTA).

She was instructed the stability could be given to her inside seven working days.

1000’s of candidates undergo this harrowing expertise as they get their PTA in two or three tranches relying on what is accessible within the banks’ vault. Some get $1,000, $2,000 or extra and are requested to entry the stability of their greenback debit playing cards, that are often not sufficient for his or her spending wants overseas due to banks’ spending limits.

It was nonetheless gathered that some candidates for PTA have, nonetheless, discovered ‘smarter’ methods of getting their greenback provide by having a number of purposes in numerous banks thus difficult the effectiveness of economic financial institution measures at rationing.

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