News
Fresh Lagos assembly speaker makes new appointments
By Kayode Sanni-Arewa
The Lagos State House of Assembly, led by Speaker Mojisola Meranda, has announced the chairpersons for its standing committees.
During plenary session on Monday, Speaker Meranda disclosed the lawmakers who will lead the various committees. The appointed chairpersons are:
Hon. Temitope Adewale – Business and Rules Committee
Hon. Richard Kasumu – Legislative Compliance Committee
Hon. Setonji David – Ethics, Protocol, and Privileges Committee
Hon. Surajudeen Tijani – House Services Committee
Hon. Stephen Ogundipe – Information, Strategy, and Security Committee
Meanwhile, reports indicate that allies of the former Speaker of the Lagos Assembly, Mudashiru Obasa, are working to remove Meranda from her position.
Hon. Temitope Adewale – Business and Rules Committee
Hon. Richard Kasumu – Legislative Compliance Committee
Hon. Setonji David – Ethics, Protocol, and Privileges Committee
Hon. Surajudeen Tijani – House Services Committee
Hon. Stephen Ogundipe – Information, Strategy, and Security Committee
Meanwhile, reports indicate that allies of the former Speaker of the Lagos Assembly, Mudashiru Obasa, are working to remove Meranda from her position.
Despite multiple failed attempts to oust her since she took office on January 13, 2025, there are renewed efforts to reinstate Obasa as Speaker.
According to sources who spoke with Vanguard, there is speculation that Meranda could be removed soon.
The latest plan reportedly involves electing a lawmaker from Lagos West, preferably from Ikeja, since the Ifako-Ijaiye candidate declined the offer. Some lawmakers have also reaffirmed their loyalty to Meranda, making the plot more challenging.
Reports suggest that certain All Progressives Congress (APC) leaders, who support Obasa, are working on a strategy to install a proxy Speaker from the Ikeja constituency. Under this plan, the new Speaker would step down after a few weeks, allowing Obasa to return to power.
He would then reportedly resign to make way for another preferred candidate to assume the Speaker’s
By Gloria Ikibah
The House of Representatives has appointed Rep. Ibrahim Ayokunle Isiaka as the new Deputy Chief Whip.
Rep Isiaka who represents Ifo/Ewekoro Federal Constituency of Ogun State under the All Progressives Congress (APC), steps into the role following the passing of the former Deputy Chief Whip, Hon. Adewunmi Oriyomi Onanuga, earlier this year.
Speaker of the House, Rep. Tajudeen Abbas, confirmed Isiaka’s appointment during Tuesday’s plenary session, stating that it followed consultations with the APC caucus and other stakeholders from the Southwest.
Prior to this appointment, Isiaka served as Chairman of the House Committee on National Planning and Economic Development. Since joining the House in 2015, he has held key positions, including Chairman of the Committee on Ecological Funds, Deputy Chairman of the House Committee on Governmental Affairs, and leadership roles in several Ad Hoc Committees.
News
More headache for Nigerians as CBN imposes N600 charge on every N20,000 withdrawn from another bank’s ATM
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.
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.
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.”
By Gloria Ikibah
The House of Representatives has directed the Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijani, and the Nigerian Communications Commission (NCC) to put the planned increase in telecom tariffs on hold until service quality improves.
This resolution was sequel to a motion of urgent public importance on the “NEED FOR THE NIGERIAN COMMUNICATIONS COMMISSION NOT TO APPROVE THE IMPENDING HIKE IN THE TELECOMMUNICATIONS TARIFFS”, by Rep. Obuku Oforji, member representing Yenagoa/Kolokuma Opokuma Federal Constituency of Bayelsa State on Tuesday T plenary.
Rep. Oforji recalled that after a meeting with mobile network operators in Abuja on January 8, 2025, the minister hinted at an impending tariff hike. According to him, telecom companies have been pushing for an increase, with some proposing a 100 percent hike. However, Tijani clarified that while there would be an increase, it would not be as high as 100 percent, and the NCC would determine and announce the new rates.
The lawmaker explained that telecom operators justified the planned hike by citing rising investment costs, the need for better network infrastructure, and the increasing demand for digital services in sectors such as education, banking, and healthcare.
Rep. Ibrahim Isiaka Appointed Deputy Chief Whip of House of Reps
More headache for Nigerians as CBN imposes N600 charge on every N20,000 withdrawn from another bank’s ATM
Reps Urge FG to Stop Planned Telecom Tariff Increase
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