₦airaland Forum

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.

NAN

tellwisdom:
Omo, these people are actually talking to me right now. I sent a younger bro to withdraw some cash (15k) for me. Nna Na so the guy begin withdraw 1-1k o, I didn't get to know till I came into the room from the bathroom to see 9 debit message alert. Na so I weak

Aiholi:
N65 Per Withdrawal?
D guy don wreck u b dat

I swear....He said he couldn't find 15k on the screen so he decided to withdraw 1-1k till 15k complete. Chai

tellwisdom:
I swear....He said he couldn't find 15k on the screen so he decided to withdraw 1-1k till 15k complete. Chai

tellwisdom:
Omo, these people are actually talking to me right now. I sent a younger bro to withdraw some cash (15k) for me. Nna Na so the guy begin withdraw 1-1k o, I didn't get to know till I came into the room from the bathroom to see 9 debit message alert. Na so I weak

tellwisdom:
I swear....He said he couldn't find 15k on the screen so he decided to withdraw 1-1k till 15k complete. Chai

Keneking:
First Bank and Zenith Bank are notorious

bigass:
Let me tell you guys.If they cancel the N65 then forget about interbank withdrawals. It just mean you will only be able to withdraw from your banks ATM only

ladyF:
Yesso, they should also investigate the N105 charges when sending to other banks. It's too much na. Biko epp us.

Ermmm....make I go continue my search for bitcoin to buy sef. N500/$

It's [size=15pt]LadyF[/size] again