SERAP wants court to stop CBN from implementing ‘unlawful, unjust’ ATM fee hike

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Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Central Bank of Nigeria (CBN) over the failure to reverse the patently unlawful, unfair, unreasonable and unjust increase in Automated Teller Machine (ATM) transaction fees.

The CBN recently announced that ATM withdrawals made at a machine owned by a bank but outside its branch premises will now attract a…

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