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More headache for Nigerians as CBN imposes N600 charge on every N20,000 withdrawn from another bank’s ATM

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By Kayode Sanni-Arewa

The apex bank in Nigeria, CBN, has imposed a withdrawal charge of between N100 and N600 for every N20,000 worth of interbank ATM withdrawals.

The three free monthly withdrawals that customers enjoy on interbank ATM withdrawals.

According to a CBN circular, FPR/DIR/GEN/CIR/001/002 with title, ‘Review of Automated Teller Machine Transaction Fee,’ dated February 10, 2025, the new fees would take effect March 1, 2025.

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The Apex Bank said, “In response to rising costs and the need to improve the efficiency of Automated Teller Machine (ATM) services in the banking industry, the Central Bank of Nigeria (CBN) has reviewed the ATM transaction fees prescribed in Section 10.7 of the extant CBN Guide to Charges by Banks, Other Financial and Non-Bank Financial Institutions, 2020 (the Guide)”.

The CBN said customers withdrawing at the ATM of their financial institution in Nigeria would not be charged.

“Withdrawal from another institution’s ATM in Nigeria (Not-On-Us): On-site ATMs (within bank premises): A fee of N100 per N20,000 withdrawal will apply,” the apex bank further directed.

For Off-site ATMs (outside bank premises), the apex bank said a charge of N100 plus a surcharge of not more than N500 for every N20,000 withdrawal would be applicable.

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It said that international withdrawals would be based on the exact amount imposed by the international acquirer.

The CBN said, “This review is expected to accelerate the deployment of ATMs and ensure that appropriate charges are applied by financial institutions to consumers of the service.

“Accordingly, banks and other financial institutions are advised to apply the following fees with effect from March 1, 2025.”

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2027: There Will Be Voter Apathy If… —Cardinal Onaiyekan

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The Archbishop Emeritus of Abuja, John Cardinal Onaiyekan, has said that any belief by Nigerians that the outcome of the 2027 elections would be in favour of the All Progressives Congress (APC) could lead to voter apathy.

Onaiyekan said this during an interview on Frontline, a current affairs programme on Eagle 102.5 FM, Ilese-Ijebu, Ogun, on Monday.

According to him, any perception that the ruling party is guaranteed victory would discourage voter participation and ultimately weaken the legitimacy of the government that emerges from the polls.

He noted that voter apathy in recent elections in the country reflected a growing distrust in the electoral system, a situation he said must be urgently addressed before the next general election.

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Cardinal Onaiyekan said restoring public confidence in the electoral process was essential to improving governance, insisting that democracy can only thrive where elections are genuinely free, fair and credible.

The cleric maintained that Nigeria has yet to conduct a truly free and fair election, linking low voter turnout to widespread public disillusionment with the electoral process.

“I fear that it becomes very clear to Nigerians that no matter what happens, the APC will win, then most people won’t even bother to go to the election. And even if the government, the real power, wins, it will not bring a real victory, actually. And it is not going to be possible to deliver good government.”

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5 Common Mistakes That Shorten The Lifespan Of Your Refrigerator

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A refrigerator is one of the most important appliances in many Nigerian homes. From preserving cooked meals to keeping fruits, vegetables and drinks fresh, it works around the clock. But with frequent power outages, voltage fluctuations and heavy daily use, many refrigerators in Nigeria wear out faster than expected.

In this article, five common mistakes that shorten the lifespan of your refrigerator are highlighted

Overloading the refrigerator

Packing your refrigerator with too much food may seem like a good way to maximise storage, but it can reduce airflow inside the appliance. Cold air needs space to circulate so that all compartments remain at the correct temperature. When the refrigerator is overloaded, the compressor has to work harder to keep everything cold. Over time, this extra workload can increase wear on the cooling system and reduce the appliance’s lifespan.

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Ignoring the condenser coils

Many people never clean the condenser coils, yet they play an important role in keeping the refrigerator cool. Dust, pet hair and dirt can build up on the coils over time, making it harder for the appliance to release heat. When this happens, the compressor works longer and uses more electricity, increasing the risk of overheating.

It’s therefore recommended to clean the coils periodically, especially if the refrigerator is located in a dusty environment.

Placing the refrigerator too close to the wall

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A refrigerator needs adequate ventilation to release heat generated during cooling. Placing it tightly against the wall or between cabinets can restrict airflow around the appliance.

Poor ventilation forces the compressor to work harder, increasing energy consumption and placing unnecessary strain on the motor.

Always leave enough space behind and on the sides of the refrigerator as recommended in the manufacturer’s manual.

Putting hot food directly inside

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Many people place steaming pots of soup or rice straight into the refrigerator to cool them quickly.

However, hot food raises the internal temperature, forcing the refrigerator to work harder to restore the proper cooling level.

Allow cooked food to cool to room temperature before refrigerating it. However, food should not be left out for more than two hours, as this can increase the risk of bacterial growth.

Failing to protect it from power fluctuations

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Power surges and sudden voltage drops are common in many parts of Nigeria. These fluctuations can damage the refrigerator’s compressor and other electrical components.

Using a quality voltage protector or voltage stabiliser can help protect the appliance from unstable electricity and extend its lifespan.

If there is a prolonged power outage, avoid repeatedly switching the refrigerator on and off as electricity is restored.

(TRIBUNE)

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Adeleke kicks as IG returns CP Gotan to Osun ahead of governorship poll

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Imole Campaign Council, the campaign group for Osun State Governor Ademola Adeleke’s re-election, on Monday, faulted the redeployment of police commissioner  Ibrahim Gotan to the state amid widespread violence ahead of the August 15 governorship election.

The council, in a statement issued by its spokesperson, Pelumi Olajengbesi, described Mr Gotan’s controversial reinstatement as very concerning, citing “gross harassment, abuse of human rights and arbitrary arrest and detention of Accord Party chieftains and members under his supervision”.

The council said Mr Gotan’s redeployment after he allegedly detained the Secretary to the Osun State Government, Teslim Igbalaye, and others at his residence reflected intent to hound the Accord Party in favour of the All Progressives Congress (APC) at the polls.

“Suffice to say that the SSG was released immediately and the items taken from his house returned to him. This shows how politically consumed and unprofessional CP Gotan is to hound Accord Party chieftains to favour the All Progressives Congress in the August 15 governorship election,” it stated.

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The council lamented that Mr Gotan was reinstated to oversee the forthcoming poll after CP Samuel Etaifo had been transferred to the state, alleging that the Inspector General of Police, Tunji Disu, was pressured by the ruling APC.

Noting that security agencies must remain neutral and professional to achieve credibility and fairness in any election, the council said the IG “must not allow CP Gotan and his APC friends to plunge Nigeria’s democracy into the abyss through intimidation, arbitrary arrest, witch hunt and harassment of opponents.”

It urged Mr Disu to address the people of the state, adding that he must ensure the election is free, fair and credible.

“The IGP must address the people of Osun State and assure them of a violence-free poll on August 15, 2026. He must back his words with action and ensure the neutrality and impartiality of his men all through the election.

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“The use of arrest and detention as tools of oppression of the opposition must end. Nigerians are watching. The world is watching. Democracy is about plurality of parties and not oppression and intimidation of opponents,” the council added.

The development came amid reports of violence in the state ahead of the August 15 governorship election.

Meanwhile, Mr Disu had assured residents of adequate security, saying the election would be one of the best in the country’s history.

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