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Banks begin implementation of new ATM transaction fee
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By Kayode Sanni-Arewa
Banks have commenced implementation of the new Automated Teller Machine (ATM) transaction fee charge on customers following the Central Bank of Nigeria (CBN’s) directive.
The News Agency of Nigeria (NAN) correspondent who monitored some banks’ ATM gallery in Abuja and environs on Sunday, reports that some customers were lamenting about the increase.
All the banks’ ATM visited had monies loaded in them.
Mr Luke Abudu, a customer seen at First Bank along Nyanya-Jikwoyi road, said the implementation would only affect the poor masses who were struggling to make a living.
Abudu said the move would discourage customers from lodging monies in the banks.
”I came to withdraw N20,000 but I found out that I was charged N100 for the withdrawal.
‘”This is too much for a small business owner like me,” he said.
Another customer, Mrs Victoria Adejo, seen at Zenith Bank, Mararaba branch said that withdrawal from Point of Sale (PoS) agent was now cheaper than using an ATM.
”It is unfortunate that our government formulate policies without feeling the pulse of the people.
”I read that the CBN said the decision is in response to rising cost and to improve efficiency of ATM services but banks still bill us for service charge.
”They (banks) declare profit in billions and trillions from our monies and the CBN does not consider that.
”This is not good enough at all, ” she said.
Mr Nurudeen Ehimotor, a customer at Guaranty Trust Bank (GTB), Asokoro, said he was at the bank to use the ATM due to the bank’s poor online network.
”I came to use ATM because I tried to transfer money from my bank using USSD since yesterday but it didn’t go through.
”I have an issue with my app, so I have been using USSD codes for my transfer.
”I think they (the bank’s) are trying to make people use ATM now for them to make more money,” he said.
Ehimotor appealed to banks to reduce incessant charges on customers account.
NAN reports that the CBN had on Feb. 10, released a circular to all banks and other financial institutions to apply the fees with effect from March 1.
CBN in the circular with title ‘Review of ATM transaction fees’ said the move was in response to rising cost and the need to improve efficiency of ATM services in the banking industry.
On-Us (customers withdrawing at the ATM of the customer’s financial institution) in Nigeria, no charge.
”Not-on-Us ( withdrawal from another institution’s ATM) in Nigeria; On-site-ATMs: A charge of N100 per N20,000 withdrawal.
”Off-site ATMs: A charge of N100 plus a surcharge of not more than N500 per N20,000 withdrawal.
”The income which is an income of the ATM acquirer/deployer, shall be disclosed at point of withdrawal to the consumer,” it said.
Meanwhile, banks had informed their customers through various electronic mails (e-mails) of the increase.
GTB told its customers in addition to the ATM transaction fee, that the free monthly withdrawals usually enjoyed by them would no longer be applied.
”Please note that the three free monthly withdrawals at other banks’ ATMs (for GTBank customers) and GTBank ATMs ( for other bank customers) will no longer apply,” the bank said.
Also, Access Bank in their official X handle told customers that ”All Access Cards now work seamlessly across all ATMs and POS machines, so you can make payments without hassle”.
News
Rivers traditional ruler narrowly escapes assassin’s bullets as hoodlums shoot at his palace
The Amadabo of Finima in Bonny local government area of Rivers State, HRH Aseme Alabo Dagogo Lambert Brown in the early hours of today, August 22, 2026 narroy escaped an assassination attempt on his life.
However, the Amadabo was not at home when the blood thirsty hoodlums fired sporadically at the building housing the living rooms of the monarch and other households.
Unfortunately, some members were seriously injured and rushed to hospitals for emergency medical attention.
Condemning the heinous crime, Aseme Alabo Dagogo Lambert Brown stated that they had received intelligence reports of importation of hoodlums into the community.
He blamed the Bonny Traditional Authorities of sponsoring a faction of Tobin House to cause mayhem.
He called on law enforcement agencies to urgently investigate the matter and bring perpetrators.
Transcript of the attached voice.
“It is very painful and regretful of what I see today in Finima.
We have envisaged this. We live in the community, we have the intelligence, information is coming here and there, and we communicated same intelligence to the security agencies that we are having mercenaries imported into Finima for the sake of a strange event that wants to happen.
Must all of us die because one faction of the Tobin house in Finima, being sponsored by the Bonny Traditional Authorities, wants to perform things that are strange in Finima?
God will never allow that to happen. God will never allow—we saw it. All this happening is to intimidate me and my people for saying this is not how we are living as a people. We live as one people. All the cultural institutions are in full participation by the chieftaincy houses in Finima. There’s no separation.
Why? Because we want to avoid any rivalry group or things that will cause disunity in Finima. That is how our upgrowing—that’s how we’ve grown up in Finima.
And these are one of the outcomes, very regretful. I want to appeal to the law enforcement agencies today that people behind this heinous act are culprits—people, culprits to this heinous act—are arrested and prosecuted.
News
Photos: 15 years after, Apo-Karshi Road for inauguration in December – Wike
Minister of the Federal Capital Territory (FCT), Mr Nyesom Wike, says the long-delayed Apo-Karshi road will finally be completed and handed over by November, putting an end to a 15-year wait for residents in the axis.
Wike gave the assurance in Abuja on Saturday, after inspecting the progress of the project as well as the 14-kilometre Bwari Kubwa Road.
He explained that the 13.5-kilometer road, originally awarded in 2011 under previous administrations, has been a major point of frustration for motorists experiencing daily traffic congestion between satellite communities and the Abuja city center.
He explained that the current administration was forced to revoke the original contract due to persistent delays and re-award it to construction firm SCC Nigeria Ltd.
“The Apo-Karshi road has been a topical issue. It was awarded in 2010, one of those projects President Bola Tinubu inherited.
“Because of its importance and the complaints by residents, we had to terminate the contract and award it to SCC, which we know has the capacity to complete the job.
“Residents who have been crying for years can now see that this government has come to their aid,” he said.
The minister praised the contractor for maintaining progress on-site regardless of funding cycles, reaffirming the government’s commitment to honoring its financial obligations.
The minister also inspected the ongoing construction of the 14-kilometre Bwari-Kubwa road, stressing that the contractor had promised to deliver the critical road in December.
He emphasised that the tangible delivery of infrastructure projects serves as the strongest argument for the administration’s governance model, downplaying traditional political campaigning in favor of visible results.
“When people ask me about campaigns, I say, ‘What is campaign? See the campaign. Campaign is about what you have done for the people and what the government has to show.
“It is not about promises; it is about taking action that positively impacts lives,” he said.
With multiple road networks approaching completion across the FCT, the minister expressed confidence that the administration would surpass its initial 10 projects target for inauguration between December and January 2027.
News
BREAKING: 38 year former world champion boxer, Zolani Tete shot dead in South Africa
Ex-world champion boxer Zolani Tete has been shot dead outside his home in South Africa at the age of 38.
This ugly development happened in Mdantsane, Eastern Cape, as Zolani Tete arrived at his residence and waited for the gate to open.
According to the police, two armed men wearing balaclavas stepped out of a vehicle and opened fire on the boxer.
A 27-year-old woman who was travelling with Tete was also shot several times and taken to hospital for treatment.
South Africa’s Minister of Sports, Arts and Culture, Gayton McKenzie, confirmed Tete’s death on Friday.
McKenzie expressed caution over speculation about the motive behind the attack, saying “I will not speculate about who did this or why.”
Police have launched an investigation, but no motive has been established and no details about possible suspects have been released.
Zolani Tete , who was nicknamed “Last Born”, became widely known in boxing for his remarkable 11-second knockout of fellow South African Siboniso Gonya in Belfast in November 2017.
The knockout remains one of the fastest stoppages in a world title fight.
Tete achieved it while defending his WBO bantamweight title, which he had won earlier that year and held until 2019.
The southpaw boxer had previously captured the IBF junior-bantamweight title in 2014 after defeating Japan’s Teiru Kinoshita in Kobe.
Earlier in his career, Tete had also held the minor WBF flyweight title.
Zolani Tete’s death came only weeks after he completed a four-year ban from boxing following a positive test for the banned anabolic steroid stanozolol after his 2022 bout against Jason Cunningham.
His suspension ended on July 29, and he had been preparing to make a return to professional boxing before his death.
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