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First Bank To Charge Customers N100 Monthly For ATM Use

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First-Bank-office

Customers of First Bank who use the Automated Teller Machines for cash withdrawals are to pay N100 monthly, with effect from this month, according to a notice. The notice for the new charge entitled, ‘Card Maintenance Fee,’ was displayed on some ATM machines in the Federal Capital Territory, News Agency of Nigeria reported in Abuja on Monday

“Dear valued customer, in order to serve you better, from March 2013, a monthly N100 card maintenance fee will be charged for all cash withdrawals within the month,” the notice read.

Some customers who spoke with NAN, however, condemned the introduction and called for sanctions from the regulatory body.

A legal practitioner Mrs Uju Nwanze, said the CBN should stop the charge.

“This is another way to get back the N100 charges that was stopped recently on use of ATM cards.

“These banks are good at exploiting people, they did not even give prior notice like sending text messages,” she said.

Also, Ejiro Fidel, a civil servant, said First Bank should not copy the new generation banks to rip off customers.

Fidel said, “This is unlike them. Civil servants use First Bank a lot because we believe they are better than most of these new banks.

“What maintenance are they doing on the card? This is very wrong and I hope that those in charge would stop them from doing so.”

Also reacting, an Architect, Tunde Badmus decried the subtleness of institutions in Nigeria, especially the financial institutions; “They are filled with rogues who if investigated very well, you will see embezzle at every chance they get. This charge is uncalled for. This is simply the reason why some things may never work in Nigeria. You are the same people encouraging the use of ATM and cashless society, yet you charge people for using it. Nigerians will rather keep their money at home or go to bank once a month to withdraw over the counter rather than subject themselves to the charge.”

In November 2012, the Bankers’ Committee in a meeting scrapped the N100 interbank charge on the use of ATM cards.

NAN reported that First Bank had, however, on February 11, increased its charges on interbank money transfer, against moves by the Central Bank of Nigeria for a downward review of bank charges on customers.

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6 Comments

6 Comments

  1. Bawan Allah

    March 5, 2013 at 8:20 am

    thank God that iam not using firstbank

  2. Felix Leo

    March 5, 2013 at 10:10 am

    What an extortion? So because CBN has stoped inter-bank charges frm ATM, 1st Bank now cum up wt an idea of extorting money frm customers. Is rather unfortunate! CNB should stop them from carrying out this plann of extortion. Wat a bull shit maintainence will they do on d card? B innovative on d way forward of economic sector of our nation nt ways of exploiting customers. BULL SHIT!

  3. Kenneth Agoha

    March 5, 2013 at 11:00 am

    1st bank eee una do well ooo 1st bank eee una too much eee the bank wey don dey for nigeria don pass 100 yrs + oooo
    I know the charges are a way of saying thank you to you customers in nigeria oh well keep your C O Ts alive by charging us even for passing through your metal dictating doors & Air-conditioner in your banking halls .thiefs Ole ndiori babanbarawo.

  4. Emmanuel

    March 5, 2013 at 1:06 pm

    First bank is the worst i have ever used..their mode of operation is not encouraging…to me,first bank is the worst followed by access bank…wat of u?

  5. Maishanu

    March 5, 2013 at 3:49 pm

    Thank God i dumped my first bank account.

  6. anita

    March 6, 2013 at 9:10 am

    @emmanuel, true talk ma bros, anoda is UBA

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Nigeria’s Communications Minister, Isa Pantami, Loses 13-year-old Daughter

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Nigeria's Communications Minister, Isa Pantami, Loses 13-year-old Daughter

Communications minister, Isa Pantami

Minister of Communications and Digital Economy, Isa Ali Pantami, has announced the loss of his 13-year-old daughter, Aishah Isa Ali.

The Minister took to his Twitter account on Monday night to announce this sad news.

Pantami stated that the funeral prayer for the deceased will be conducted in Abuja on Tuesday at Annur Masjeed, Wuse 2.

Also Read: Gunmen Evict NIDCOM Staff From Office On Minister’s Order

The post by the minister announcing the incident reads; “Inna lil Laahi wa inna ilaiHi Rajiun! My 13-year old daughter, Aishah Isa Ali (Amal) passed away just a moment ago.

“Due to some necessities, funeral prayer tomorrow at Annur Masjeed, Wuse 2, immediately after Zuhr prayer In sha Allah. May Allah forgive and be merciful to her.”

 

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Cult Violence: Wike Imposes Two-Week Curfew Around Okoro-Nu-Odu

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Cult Violence: Wike Imposes Two-Week Curfew Around Okoro-Nu-Odu

Governor Wike

Governor Nyesom Wike of Rivers State has imposed a 24-hour total curfew for two weeks on some parts of Port-Harcourt, the state capital.

The Governor made this known during a broadcast on Sunday where he noted that the curfew begins from Monday 23rd November 2020.

The statement noted that the upsurge noticed by the state government in cases of cult activities, other forms of violence, and killings is responsible for the curfew.

Also Read: Umahi Unhappy With PDP Because Atiku Picked Peter Obi – Wike

Wike in the statement declared that the entire area along and around the Okoro-nodu flyover up to a one-kilometre radius from Saint Emmanuel Anglican Church, Rumuokoro, extending to the Rumuodomaya Slaughter and Local Government daily market will be affected.

He added that no form of trading, human or vehicular movement is allowed in the affected areas until further notice.

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Zamfara Governor Secures Release Of 11 Kidnapped Victims

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Zamfara Governor Secures Release Of 11 Kidnapped Victims

Bello Matawalle

Governor of Zamafara, Bello Matawalle has announced the release of 11 kidnapped victims.

According to reports, ten of the victims were male and a female from Bukkuyum Local Government Area.

Matawalle received the rescued kidnapped victims on Saturday night at the Government House in Gusau, the state capital.

The Commissioner of Security and Home Affairs, Abubakar Muhammed Dauran revealed that the victims were released without paying a ransom.

Also Read: Nigeria still needs SARS, Zamfara gov, Matawalle insists

He stated they were released as a result of the peace initiative and stakeholders meeting summoned by Governor Matawalle with all critical stakeholders from Bukkuyum Local Government Area on Thursday.

Governor Matawalle assured that his administration will not rest on its oars until total peace is achieved in all parts of the state.

 

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