Senate asks banks to allow up to N40,000 per withdrawal from their ATMs and asks CBN to suspend card maintenance fee 

 

The Senate has passed a resolution calling on the Central Bank of Nigeria to suspend the ATM card maintenance charges being deducted from customers' accounts per month. They also called on commercial banks to configure their machines to dispense up to N40,000 per withdrawal.
The Senate made this known via a tweet @SPNigeria. This resolution came as part of a motion on the illicit and excessive bank charges on customers accounts, sponsored by Senator Olugbenga Ashafa, representing Lagos East.