News
CBN Approves New ATM Withdrawal Charges For Banks
Published
6 months agoon
By
Editor
The Central Bank of Nigeria, CBN, has scrapped free withdrawals for customers using other banks’ Automated Teller Machines, ATMs. Recall that it was pegged at three free withdrawals per month.
CBN said the review was necessary due to rising costs and the need to improve efficiency of ATM services.
By the new directive, “The three free monthly withdrawals allowed for Remote-On-Us (other bank’s customers/Not-On-Us consumers) in Nigeria under Section 10.6.2 of the Guide shall no longer apply.”
However, withdrawals made from a customer’s bank ATM will remain free.
READ ALSO: Meet Hetty Ofugara, Nigerian Woman Who Got Promoted To Commander Level In US Navy
Customers using another bank’s ATM will be charged N100 per N20,000 withdrawal – if the ATM is located within bank premises.
But for withdrawals made at off-site ATMs, a charge of N100 per N20,000 withdrawal will apply, along with a surcharge of up to N500.
The surcharge, according to CBN, an income of the ATM deployer or acquirer, must be disclosed at the point of withdrawal.
However, international ATM withdrawals would be charged at the exact rate set by the international acquirer.
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The CBN circular, dated February 10, read in parts: “In response to rising costs and the need to improve efficiency of Automated Teller Machine (ATM) services in the banking industry, the Central Bank of Nigeria 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).
“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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News
DSS Issues Warning, Arrests Man For Circulating Fake Recruitment Materials
Published
22 minutes agoon
August 24, 2025By
Editor
The Department of State Services (DSS) has disclosed the arrest of one Mr. Eze Ezenwa Benard, who was recently apprehended for circulating fake DSS recruitment past questions and answers on Facebook.
The agency, while warning the public in a statement on Saturday, said the suspect operated through a page known as “Jobs and Education”, where he advertised the fraudulent materials and charged unsuspecting members of the public one thousand naira (N1,000) for access.
“The public is hereby cautioned to disregard any materials, as the DSS does not sell or distribute recruitment questions, answers, or examination guides through private individuals or social media pages. Recruitment into the Service, when necessary, follows specialised procedure in accordance with extant laws and due process,” the statement reads.
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Continuing, DSS said Ezenwa’s arrest underscores the Service’s determination to safeguard Nigerians from the fraudulent schemes of unpatriotic elements. “Citizens are therefore encouraged to remain vigilant, verify information from official sources and report suspicious recruitment adverts or individuals attempting to extort money under false pretense.”
The agency assured that it will continue to protect the integrity of its recruitment process while ensuring that perpetrators of fraud face the full weight of the law.
News
‘Na Only People You Gave Work Love You,’ Singer Speed Darlington Tells Tinubu
Published
30 minutes agoon
August 24, 2025By
Editor
Singer Speed Darlington has told President Bola Tinubu that public admiration cannot be bought, warning that only those who received appointments or jobs from the government truly support him.
In a video posted on Saturday, August 23, the singer said, “Everything isn’t about the economy! There is more to leadership than the economy. See as everybody dey call your name, dey complain. Nobody loves you. Na only the ones you gave work, na them love you. Even your own tribe dey complain about you.”
READ ALSO:Before You Leave Office, Reform The Police — Speed Darlington Urges Tinubu
Darlington, an Igbo man, urged Tinubu to focus on police reform and respect for human rights. “The Nigerian police is an oppressive agency rooted in human rights violation. As a matter of fact, if they do not violate you, it’s as if they are not even doing their job.
“The idea of arrest before investigation is a pure human rights violation. You arrest and hold a person before you dey investigate. Please, before you leave office, please speak to your Yoruba brother IGP man,” he added.
News
Before You Leave Office, Reform The Police — Speed Darlington Urges Tinubu
Published
37 minutes agoon
August 24, 2025By
Editor
Popular controversial singer Speed Darlington has called on President Bola Tinubu to reform the Nigerian Police Force, urging the government to prioritise citizens’ rights alongside economic growth.
In a video posted on Saturday, the entertainer criticised what he described as the police’s systemic human rights violations and oppressive practices.
“Mr President, before you leave office, whether you secure a second term or not, try your best to improve Nigeria. Everything isn’t about the economy!
“There is more to leadership than the economy. See as everybody dey call your name, dey complain. Nobody loves you. Na only the ones you gave work, na them love you. Even your own tribe dey complain about you,” he said.
READ ALSO:Obi Blames Tinubu For 70% Investment Crash
The singer, who identifies as Igbo, urged Tinubu to engage with the Inspector-General of Police and implement reforms.
“As an Igbo man, the advice I can give you so people will know your name and remember you for something good is to reform the police. Reform the police.
“The Nigerian police is an oppressive agency rooted in human rights violation. As a matter of fact, if they do not violate you, it’s as if they are not even doing their job.
“The idea of arrest before investigation is a pure human rights violation. You arrest and hold a person before you dey investigate,” he added.
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Darlington also recounted his personal ordeal with law enforcement, highlighting the system’s abuse of power.
“I was held for two months after the judge had ordered my release. FID held me for two months. According to my lawyer, the Nigerian law gives only 28 days for investigation.
“They held me for two months. What is the extra month for? Because they can. If you give them money, they oppress your enemy. I have experienced it,” he said.
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