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Senate asks CBN to suspend ATM card maintenance charges

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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.

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BREAKING: Nigeria records 10 new COVID-19 cases, toll now 184

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BREAKING: Nigeria records 23 new COVID-19 infections, toll now 174

The Nigeria Centre for Disease Control (NCDC) announced this on Thursday in a tweet on their verified Twitter page.

“Ten new cases of COVID19 have been reported in Nigeria; 7 in Lagos and 3 in the FCT.”

“As at 08:00 pm 2nd April there are 184 confirmed cases of #COVID19 reported in Nigeria. Twenty have been discharged with two deaths,” NCDC tweeted.

This brings the total number of confirmed cases in the country to 184.

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BREAKING: Lagos discharges 11 COVID-19 patients

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[BREAKING] COVID-19: Sanwo-Olu imposes dusk-to-dawn lock down in Lagos
Lagos State governor, Babajide Sanwo-Olu

This was made known by Governor Babajide Sanwo-Olu on his verified Twitter account.

This brings the total number of discharged patients from the centre to 19.

“I am happy to break to you, my good people of Lagos, the news of the release today of 11 more patients from our facility in Yaba. They have fully recovered and have tested negative to COVID-19 and have been allowed to return home to their families.”

“The patients include two females and nine males. Their results came out negative in two rounds of tests. I want to use this opportunity to, once again, thank our frontline health workers and other professionals for their service.”

“Let me reiterate that this is not the time to relax, but to maintain our vigilance because of the community infection that we are beginning to see. I assure you that at the end, we will hoist a flag of victory – with your cooperation and by the grace of the Almighty,” he tweeted.

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BREAKING: Nigeria records 23 new COVID-19 infections, toll now 174

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BREAKING: Nigeria records 23 new COVID-19 infections, toll now 174

The Nigeria Centre for Disease Control (NCDC) on Wednesday night confirmed twenty-three new cases of Coronavirus (COVID-19) in the country.

The NCDC confirmed nine cases in Lagos, seven in the FCT, five in Akwa Ibom, one in Kaduna and one in Bauchi State

This brings the number of cases to 174

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