MATTERS ARISING: CASH SCARCITY ON CAMPUS
Modern Unilorites,
As regards the issue of insufficient cash circulation in the University community, it is imperative that we inform you of the necessary steps taken to ameliorate the situation.
In the early hours of yesterday, the Union paid a visit to all the banks on campus to express our concerns as students and get assurance for cash availability on campus.
In our discussion with the Bank Managers, they made it known to us that the welfare and satisfaction of the students has been their priority however despite the cash scarcity being a national crisis, they'll make sure cash is dispensable to the student-populace whenever it's available. The Union was also reliably informed that owing to the Federal Government directive on circulation of both old and new naira notes in the nation, the scarcity of cash on campus will reduce drastically beginning from the coming weekend.
In further development, there is an ongoing plan to partner with the United Bank of Africa(UBA) with regards to the welfarism of students. Necessary details will be communicated in due time.
We remain committed to the prioritization of your welfarism. Thank you.