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.
Suspend Card Maintenance Fee
They also called on commercial banks to configure their machines to dispense up to N40,000 per withdrawal pending the outcome of the investigation by the Senate committees tasked with investigating the excessive and illicit bank charges.
This resolution came as part of a motion on the illicit and excessive bank charges on customers accounts, sponsored by Senator Olugbenga Ashafa (Lagos East, APC).
The Senate further directed its Committees on Banking, Insurance and other Financial Institutions and Finance to conduct an investigation into the propriety of ATM card maintenance charges in comparison with international best practices and report back to the Senate.
The Senate also directed the aforementioned committees to invited the Governor of the CBN to appear before it to explain why the official charges as approved by the CBN are skewed in favour of the banking institutions as against the ordinary customers of the banks.
Finally, the Senate called on the Consumer Protection Council to look into the various complaints of excess and unnecessary charges by Nigerian Banks.
The Nigeria Labour Congress (NLC) has said it was shocked by the last minute postponement of the presidential and National Assembly elections earlier scheduled to hold on Saturday, February 16, 2019.
The labour union advised the federal government to declare a two or three-day public holiday to enable workers travel to cast their votes following voter apathy that may have greeted the postponement of the elections, The Nation reports.
The president of the NLC, Comrade Ayuba Wabba, in a statement said many Nigerians would not have been able to vote due to logistics problems if the election held.
“We at the Nigerian Labour Congress join other Nigerians in expressing our shock at the last minute postponement of the presidential and National Assembly elections scheduled to hold on Saturday, February 16, 2019,” Wabba said.
“We share in the pains of those who in an uncommon show of patriotism, had to travel long distances to perform their civic duty. We similarly understand the outrage of those who had incurred huge and unquantifiable logistic costs. No explanation will be good enough given INEC’s repeated assurances and the zeal of Nigerians to cast their vote.
“However, given the fact that had the election taken place, a huge number of Nigerians would have been disenfranchised on account of gross and wide-spread logistic deficit, the postponement, as painful as it is, is a lesser evil of the two.”
The NLC urged Nigerians not to be disillusioned by the postponement but brace up for the rescheduled election.