Nigeria: Groups Seek Records On ATM Charges From CBN

14 September 2014

CIVIL society groups, among them Public and Private Development Centre, Enough is Enough Nigeria, FoI Coalition and other interested persons and in accordance with the provisions of the Freedom of Information (FoI) Act 2011, have written to the Central Bank of Nigeria (CBN) requesting for records relating to the directive of re-introducing charges on ATM withdrawals in the Nigerian banking sector and which was made effective from September 01, 2014.

A letter signed by Seember Nyagher, Yemi Ademolekun and Maxwell Kadiri on behalf of the groups says: "According to the directive, the cost of N65 per transaction would apply to the card holder from the 4th "remote-on-us" withdrawal in a month. Considering the need for all banking directives to be made in the national interests, we write to request for documentation that would enable us properly assess how this decision to re-introduce charges on ATM withdrawals was arrived at."

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