A Review of the Nigerian Energy Industry

Ministry seals off non-compliant ATMs

ATM23 March 2014, Abuja — THE use of some automated teller machines, ATM, belonging to a number of local banks has been discontinued after the Federal Ministry of Industry, Trade and Investment found them not to comply with industry standards.

Among the banks affected include First Bank, Stanbic IBTC, Zenith and Fidelity Bank. Point of Sale (POS) machine of the Automatic Technik Baumaun has also been found non-complaint by the ministry’s investment’s enforcement team, led by the Principal Legal Metrology Officer, Olusegun Ateji.

Ateji said the sealed ATM machines did not comply with Weights and Measures Act, Section 7 and 30b, which stipulates that all weighing and measurement instruments must be tested and passed before it can be used for businesses.

“Every weighing and measuring instrument must have certificate of verification. The sealed machines do not possess the certificate which will certify that the machines were accurate, fair and legal to be used for businesses,” Ateji said.

He said the team sealed the POS machine used for parking vehicles in Area 3 by the consulting firm, Automatic Technik Baumaun, because the machine was not registered and verified by Weights and Measures Department.

“The POS must carry certificate of verification to authenticate its accuracy and if not it has contravened Weights and Measures Act.”
*Augustine Osayande – Cajnews

In this article

Join the Conversation

Join the Conversation