The Central Bank of Nigeria has directed Deposit Money Banks to suspend charges on over-the-counter or ATM withdrawals of above N500,000 or deposit of same amount.
The apex bank’s Director, Banking and Payments System Department, Mr. Dipo Fatokun, in a circular dated April 20, 2017, said all the charges introduced in February, and meant to take effect from April 1, 2017, have been dropped. Read full in Punch
