Reps Raise Concern On ATM Charges

The House of Representatives, on Thursday mandated its committee on banking and currency to investigate the illegal and indiscriminate automated teller machines charges by commercial … Continue reading Reps Raise Concern On ATM Charges


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Nigerians at an ATM
Banking, ATM, ATM charges, BVN, House of Reps,
Nigerians at an ATM

The House of Representatives, on Thursday mandated its committee on banking and currency to investigate the illegal and indiscriminate automated teller machines charges by commercial banks in the country.

Speaking on the motion which was supported by most lawmakers, the House observed that the banks are not complying with the directive of the Central Bank of Nigeria on ATM withdrawals.

The lawmakers also wondered why banks are not being penalised and sanctioned for these illegal practices.

The committee is expected to report back to House in four weeks.