Nigeria: CBN Defends Reintroduction of ATM Withdrawal Charges

20 August 2014

The Central Bank of Nigeria (CBN) has said that its directive to deposit money banks to re-introduce a charge of N65 per transaction on remote-on-us automated teller machines (ATMs) cash withdrawals will not affect its financial inclusion campaign.

Speaking in an interview in Lagos, the Director, Banking and Payment System Department, CBN, Mr. Dipo Fatokun, insisted that the policy was not a re-introduction of charges.

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