Senate asks CBN stop ATM card charges by banks

The Nigerian Senate on Wednesday passed a goals approaching the Central Bank of Nigeria (CBN) to suspend the over the top ATM card support charges being deducted from clients.

The goals came as a major aspect of a movement supported by Senator Olugbenga Ashafa (Lagos East, APC) on the unlawful and over the top bank charges on clients accounts,

The Senate additionally approached business banks working in the nation to design their machines to administer up to N40,000 per withdrawal pending the result of the examination by the Senate boards of trustees entrusted with exploring the inordinate charges.

Leader of the Senate, Dr. Abubakar Bukola Saraki stated: “This is a movement that influences the lives of each Nigerian — irrespective of what part of the nation you originate from or whatever political alliance you may have. This is the reason we are here: to dependably safeguard and secure the interests of the Nigerian individuals.”

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