The Nigerian Senate today passed a resolution calling on CBN to suspend the excessive ATM card maintenance charges from customers.
The decision came on the back of a motion sponsored by Senator Olugbenga Ashafa, against illicit and excessive bank charges.
Pending the outcome of investigations, the Senate also asked commercial banks to configure their machines to dispense up to N40,000 per withdrawal.
Nigerians have been reacting to this move by the Senate in joyous mood.
Some others have also requested for the same kind of action in other sectors.