{"id":4385,"date":"2025-02-23T11:21:57","date_gmt":"2025-02-23T11:21:57","guid":{"rendered":"https:\/\/beadysword.com.ng\/blog\/?p=4385"},"modified":"2025-02-23T22:16:31","modified_gmt":"2025-02-23T22:16:31","slug":"court-asked-to-stop-cbn-from-implementing-unlawful-unjust-atm-fee-increase","status":"publish","type":"post","link":"https:\/\/beadysword.com.ng\/blog\/2025\/02\/23\/court-asked-to-stop-cbn-from-implementing-unlawful-unjust-atm-fee-increase\/","title":{"rendered":"Court Asked To Stop CBN From \u2018Implementing Unlawful, Unjust ATM Fee Increase\u2019"},"content":{"rendered":"<div class=\"chat-list relative custom-scrollbar-reset-margin custom-scrollbar custom-scrollbar-hidden custom-scrollbar-float pb-9 flex-1 overflow-y-auto\">\n<div class=\"mx-auto max-w-[790px]\">\n<div class=\"message-item-outer relative px-4 mb-2\" data-id=\"7cf9f066-abb0-47b9-acf5-9130567aba76\">\n<div class=\"content-area pl-[0px]\">\n<div class=\"message-item select-text relative\">\n<div class=\"message-inner relative\">\n<div class=\"py-[2px]\">\n<div class=\"flex flex-col gap-2\">\n<div class=\"answer-markdown-box overflow-x-auto select-text custom-scrollbar\">\n<div class=\"markdown-body\">\n<p>\u00a0CBN recently introduced new charges, stipulating that ATM withdrawals made at machines owned by a bank but located outside its branch premises would attract a \u20a6100 fee per \u20a620,000 withdrawal. Withdrawals from ATMs at shopping centres, airports, or standalone cash points would also incur an additional surcharge of up to \u20a6500 per \u20a620,000 withdrawal.\\<\/p>\n<p>In the lawsuit, filed under suit number FHC\/L\/CS\/344\/2025 at the Federal High Court in Lagos, SERAP is seeking a judicial determination on whether the CBN\u2019s decision aligns with the Federal Competition and Consumer Protection Act 2018. The organization argues that the fee hike is arbitrary and violates consumer protection laws.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0CBN recently introduced new charges, stipulating that ATM withdrawals made at machines owned by a bank but located outside its branch premises would attract a \u20a6100 fee per \u20a620,000 withdrawal. 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Withdrawals from ATMs at shopping centres, airports, or standalone cash points would also incur an additional surcharge of up to \u20a6500 per \u20a620,000 withdrawal.\\ In","twitter:image":"https:\/\/beadysword.com.ng\/blog\/wp-content\/uploads\/2025\/02\/download-17.jpeg"},"aioseo_meta_data":{"post_id":"4385","title":null,"description":null,"keywords":null,"keyphrases":{"focus":{"keyphrase":"","score":0,"analysis":{"keyphraseInTitle":{"score":0,"maxScore":9,"error":1}}},"additional":[]},"primary_term":null,"canonical_url":null,"og_title":null,"og_description":null,"og_object_type":"default","og_image_type":"default","og_image_url":null,"og_image_width":null,"og_image_height":null,"og_image_custom_url":null,"og_image_custom_fields":null,"og_video":"","og_custom_url":null,"og_article_section":null,"og_article_tags":null,"twitter_use_og":false,"twitter_card":"default","twitter_image_type":"default","twitter_image_url":null,"twitter_image_custom_url":null,"twitter_image_custom_fields":null,"twitter_title":null,"twitter_description":null,"schema":{"blockGraphs":[],"customGraphs":[],"default":{"data":{"Article":[],"Course":[],"Dataset":[],"FAQPage":[],"Movie":[],"Person":[],"Product":[],"ProductReview":[],"Car":[],"Recipe":[],"Service":[],"SoftwareApplication":[],"WebPage":[]},"graphName":"BlogPosting","isEnabled":true},"graphs":[]},"schema_type":"default","schema_type_options":null,"pillar_content":false,"robots_default":true,"robots_noindex":false,"robots_noarchive":false,"robots_nosnippet":false,"robots_nofollow":false,"robots_noimageindex":false,"robots_noodp":false,"robots_notranslate":false,"robots_max_snippet":"-1","robots_max_videopreview":"-1","robots_max_imagepreview":"large","priority":null,"frequency":"default","local_seo":null,"breadcrumb_settings":null,"limit_modified_date":false,"ai":null,"created":"2025-02-23 11:21:57","updated":"2025-06-08 20:54:03","seo_analyzer_scan_date":null},"aioseo_breadcrumb":"<div class=\"aioseo-breadcrumbs\"><span class=\"aioseo-breadcrumb\">\n\t\t\t<a href=\"https:\/\/beadysword.com.ng\/blog\" title=\"Home\">Home<\/a>\n\t\t<\/span><span class=\"aioseo-breadcrumb-separator\">&raquo;<\/span><span class=\"aioseo-breadcrumb\">\n\t\t\t<a href=\"https:\/\/beadysword.com.ng\/blog\/category\/news\/\" title=\"News\">News<\/a>\n\t\t<\/span><span class=\"aioseo-breadcrumb-separator\">&raquo;<\/span><span class=\"aioseo-breadcrumb\">\n\t\t\tCourt Asked To Stop CBN From \u2018Implementing Unlawful, Unjust ATM Fee Increase\u2019\n\t\t<\/span><\/div>","aioseo_breadcrumb_json":[{"label":"Home","link":"https:\/\/beadysword.com.ng\/blog"},{"label":"News","link":"https:\/\/beadysword.com.ng\/blog\/category\/news\/"},{"label":"Court Asked To Stop CBN From \u2018Implementing Unlawful, Unjust ATM Fee Increase\u2019","link":"https:\/\/beadysword.com.ng\/blog\/2025\/02\/23\/court-asked-to-stop-cbn-from-implementing-unlawful-unjust-atm-fee-increase\/"}],"_links":{"self":[{"href":"https:\/\/beadysword.com.ng\/blog\/wp-json\/wp\/v2\/posts\/4385","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/beadysword.com.ng\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/beadysword.com.ng\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/beadysword.com.ng\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/beadysword.com.ng\/blog\/wp-json\/wp\/v2\/comments?post=4385"}],"version-history":[{"count":5,"href":"https:\/\/beadysword.com.ng\/blog\/wp-json\/wp\/v2\/posts\/4385\/revisions"}],"predecessor-version":[{"id":4393,"href":"https:\/\/beadysword.com.ng\/blog\/wp-json\/wp\/v2\/posts\/4385\/revisions\/4393"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/beadysword.com.ng\/blog\/wp-json\/wp\/v2\/media\/4391"}],"wp:attachment":[{"href":"https:\/\/beadysword.com.ng\/blog\/wp-json\/wp\/v2\/media?parent=4385"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/beadysword.com.ng\/blog\/wp-json\/wp\/v2\/categories?post=4385"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/beadysword.com.ng\/blog\/wp-json\/wp\/v2\/tags?post=4385"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}