{"id":62028,"date":"2025-03-03T06:04:29","date_gmt":"2025-03-03T06:04:29","guid":{"rendered":"https:\/\/abujacityjournal.com\/livenews\/?p=62028"},"modified":"2025-03-03T06:04:29","modified_gmt":"2025-03-03T06:04:29","slug":"nigerians-decry-fresh-atm-charges-as-banks-enforce-cbn-directive","status":"publish","type":"post","link":"https:\/\/abujacityjournal.com\/livenews\/2025\/03\/03\/nigerians-decry-fresh-atm-charges-as-banks-enforce-cbn-directive\/","title":{"rendered":"Nigerians Decry Fresh ATM Charges as Banks Enforce CBN Directive"},"content":{"rendered":"<p><strong>By Ade Iyamoye\u00a0<\/strong><\/p>\n<p>Nigerians are expressing outrage as banks implement the Central Bank of Nigeria\u2019s (CBN) new ATM withdrawal fees, which impose a \u20a6100 charge for on-site withdrawals and up to \u20a6600 for off-site transactions per \u20a620,000 withdrawn.<\/p>\n<p>A survey across ATMs in Abuja revealed widespread frustration, with customers lamenting the financial strain.<\/p>\n<p>&#8220;This policy only punishes the poor,&#8221; said Luke Abudu, a First Bank customer, who noted that such charges discourage people from keeping their money in banks.<\/p>\n<p>At Zenith Bank\u2019s Mararaba branch, Victoria Adejo pointed out that withdrawing from Point of Sale (PoS) agents is now cheaper than using ATMs.<\/p>\n<p>Adding to the frustration, Guaranty Trust Bank (GTB) notified customers that their usual three free withdrawals from other banks&#8217; ATMs have been scrapped.<\/p>\n<p>The Socio-Economic Rights and Accountability Project (SERAP) has urged President Bola Tinubu to halt the implementation pending a court verdict, arguing that enforcing the charges while litigation is ongoing undermines the rule of law.<\/p>\n<p>CBN insists the fee hike is necessary to offset rising operational costs, but critics argue it disproportionately affects struggling Nigerians.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Ade Iyamoye\u00a0 Nigerians are expressing outrage as banks implement the Central Bank of Nigeria\u2019s (CBN) new ATM withdrawal fees, which impose a \u20a6100 charge for on-site withdrawals and up to \u20a6600 for off-site transactions per \u20a620,000 withdrawn. A survey across ATMs in Abuja revealed widespread frustration, with customers lamenting the financial strain. &#8220;This policy [&hellip;]<\/p>\n","protected":false},"author":32,"featured_media":62029,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[172],"tags":[59],"class_list":["post-62028","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-featured"],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/62028","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/users\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/comments?post=62028"}],"version-history":[{"count":1,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/62028\/revisions"}],"predecessor-version":[{"id":62030,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/62028\/revisions\/62030"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media\/62029"}],"wp:attachment":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media?parent=62028"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/categories?post=62028"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/tags?post=62028"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}