Connect with us

THE NEWS

Senate asks CBN to suspend ATM card maintenance charges

Published

on

The senate has asked the Central Bank of Nigeria (CBN) to direct commercial banks to increase the maximum amount customers can withdraw from automated teller machines (ATMs) to N40,000 per transaction.

The maximum is currently N20,000.

The senate also asked the apex bank to suspend ATM card maintenance fees

The upper legislative chamber directed its committees on banking and finance to conduct an investigation into the propriety of ATM card maintenance charges and to also invite Godwin Emefiele, governor of CBN, to explain why the charges are allegedly skewed in favour of the banks.

The resolution of the senate was sequel to a motion sponsored by Gbenga Ashafa, senator representing Lagos east.

While moving the motion, Ashafa said the CBN is becoming “insensitive” to the plight of Nigerians.

Contributing to the debate on the motion, Ike Ekweremadu, deputy senate president, said the numerous charges by the banks are unacceptable.

“If we have institutions in Nigeria, they should make sure to do their jobs to protect Nigerians,” Ekweremadu said.

“Banks should have recognisable charges to let customers know what they are up against.”

On his part, Adeola Olamilekan, senator representing Lagos west, said the banks should stop cheating Nigerians of their hard-earned money.

“I have stopped using ATM for transactions,” Olamilekan said.

On his part, Senate President Bukola Saraki said the lawmakers must always protect the interest of the people.

“This is a motion that touches on the lives of every Nigerian irrespective of what party you belong to or political affiliation you might have and that is why we are here, to always defend and protect the interest of our people,” he said.

“We need to look at ways to ensure that our resolutions go beyond just the debates — so that whatever action we take will come into effect.”

The motion was adopted by the senate after it was put to a voice vote by Saraki.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

THE NEWS

Zamfara State partners Learn Africa

Published

on

Zamfara State government  has partnered Learn Africa Educational Development Foundation to develop education in the State. The state has received received 15 tones of book to boost educational development in the state.

The educational development company will support Zamfara State by distributing books to various schools in the State.

It would be recalled that Learn Africa is a leading educational book publishers in the country.
Learn Africa is now supporting Zamfara State with 15 tones truck load of books.

With the zeal to curtail security problem in the state, he is applying the same zeal to boost educational development in the state.

Continue Reading

THE NEWS

Uduaghan felicitates with Keyamo, other ministerial nominees

Published

on

Uduaghan plans for Delta South in the senate

Dr. Emmanuel Eweta Uduaghan, former Governor of Delta State and Chieftain of the All Progressives’ Congress (APC) has congratulated President Muhammadu Buhari for transmitting his ministerial list to the National Assembly in record time. He also congratulated the ministerial nominees for making the cut from a pool of eminent party men and women who could serve in President Buhari Next Level government.

In a statement signed by his special adviser on media, Mr. Monoyo Edon, and made available to The Witness on Tuesday, Dr Uduaghan said, “for us in Delta State, Festus Keyamo‘s appointment did not come as a surprise to us. Festus has distinguished himself and has shown capacity in his previous post as spokesperson of our Presidential Campaign Council. His appointment is very welcomed to the APC family in Delta State.”

“Some of my brother former Governors and other nominees that made the cut have something tangible to contribute to the Next Level program of Mr. President. I know them and I am sure they can function creditably well with any portfolio given to them at the end of the day.”

Dr. Uduaghan was also full of praise for President Muhammadu Buhari who yielded to the masses’ pressure to name a cabinet before the Senate goes on long recess.

“President Buhari has, on several occasion showed that he listens to the masses, whom he holds their mandate so passionately. We are all happy that his cabinet would be named in a matter of days after the National Assembly successfully screens all of them. President Buhari is committed to the success and development of this country. We have seen that with the kind of persons he has chosen to serve with him in this government.

“Congratulations to all the ministerial nominees. Congratulations to our great party for doing the appropriate thing at a time Nigerians wish this government is firing on full throttle.”

Continue Reading

THE NEWS

BREAKING: Buhari appoints Saraki, Akpabio, Keyamo, 40 others as ministers

Published

on

Continue Reading
Advertisement

Facebook

Advertisement
Advertisement

Trending