The House of Representatives on Thursday resolved to
investigate the N65 being charged customers by commercial banks for
Automated Transaction Machine.
The house directed its Committee on Banking and Currency to
investigate the charge and other related rates paid by banks’ customers.
The resolution followed a motion under Matters of Urgent
Public Importance moved by Tijani Yusuf (PDP-Kogi), which was
unanimously adopted by members through a voice vote.
Bank customers can withdraw from ATMs other than those of
their banks freely thrice a month. Subsequent withdrawals would attract a
N65 charge.
Moving the motion, Yusuf expressed concern that banks across
the country had been extorting N65 from customers from every bank
transaction while the Central Bank of Nigeria failed to act.
He said that recently, banks in the UK were asked to pay customers monies collected from them in the name of bank charges.
Also contributing on the matter, Rep. Aminu Suleiman (APC-Kano) accused the CBN of not doing its job as a regulatory agency.
The house referred the matter to the Banking and Currency
committee and was directed to report back in four weeks for further
legislative action.
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