Wednesday, 14 November 2012

CENTRAL BANK OF NIGERIA SUSPENDS ATM CHARGES



The Central Bank of Nigeria (CBN) has suspended the one hundred Naira charges incurred by individuals for using Automated Teller Machine (ATM) of other banks.
The CBN Director, Banking Supervision, Agnes Olatokunbo-Martins disclosed this to news men in Abuja at the end of the monthly Bankers' Committee meeting.
She said the decision to suspend the ATM charges, unanimously  adopted  by all the banks was to enable more financial inclusion in the economy, stressing that henceforth, payment of the charges will be the responsibility of the apex bank.
Mrs Olatokunbo-Martins however noted that the suspension of the charges does not cover banking hall transactions as details of the modality will soon be worked out.
Meanwhile, the Bankers' Committee has finalised plans to send its contributions to the federal government committee on flood headed by Alhaji Aliko Dangote and Olisa Agbakuba SAN to alleviate the suffering of the victims.
The donations according to committee was to show support to the plight of the affected communities.

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