Home Latest News Senate Asks CBN To Suspend ATM Card Maintenance Charges • Channels Television

Senate Asks CBN To Suspend ATM Card Maintenance Charges • Channels Television

Channels Television


The Senate has requested the Central Bank of Nigeria (CBN) to droop the costs being deducted from Nigerians for the upkeep in their Automated Teller Machine (ATM) playing cards.

Senate President Bukola Saraki disclosed this in a Facebook put up after presiding over Wednesday’s plenary.

He stated, “Today, at the Senate, we passed a resolution calling on CBN to suspend the excessive ATM card maintenance charges being deducted from customers.”

“For me, it is a main step that we’ve got taken. This is as a result of whilst within the personal sector, I offered the first ATM device, which got here into Nigeria over 25 years in the past.

“All those years later, I imagine that we must have grown out of those exorbitant fees,” the Senate President added.

Explaining the explanation in the back of the passage of the solution, Senator Saraki stated it was once vital as it impacts each and every Nigerian, without reference to their ethnic background and political association.

According to him, the solution handed isn’t the first intervention of the current Senate in issues which at once impact the welfare of the voters.

“This Senate has carried out this multiple occasions before; when there was once a hike within the cellular telecommunication knowledge fees, we intervened and put an finish to that.

“When there have been discrepancies and will increase in electrical energy costs, we additionally took motion,” stated Saraki.

He wired that the main accountability of contributors of the Red Chamber was once to shield and give protection to the pursuits of the – People they constitute.

The Senate President thanked Senator Gbenga Ashafa for sponsoring the piece of law, and contributors of the chamber who contributed to the controversy.

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