SERAP Takes CBN To Court Over ‘Unlawful’ ATM Fee Hike

The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Central Bank of Nigeria (CBN) over its decision to increase Automated Teller Machine (ATM) transaction fees, which the organization describes as “unlawful, unfair, unreasonable, and unjust.” In a recent directive, the CBN announced that ATM withdrawals made at machines outside bank premises…