Nigeria: House Of Reps to Investigate N65 Charges By Banks in Nigeria
The House of Representatives on Thursday
resolved to investigate the N65 being charged customers by commercial
banks for Automated Transaction Machine (ATM).
The house directed its Committee on Banking and Currency to investigate the charge and other related rates paid by banks’ customers.
that Nigerian banks charge N65 extra on other banks ATM different from
the holders’ bank after each third transaction.
concern that banks across the country had been extorting N65 from
customers from every bank transaction while the Central Bank of Nigeria (CBN) failed to act.
Banking and Currency committee and was directed to report back in four
weeks for further legislative action.