FIRST BANK OF NIGERIA INTRODUCES N100 MONTHLY CHARGE ON ATM WITHDRAWALS

The first bank of Nigeria has introduced N100 monthly charge on ATM
withdrawals which will take effect from this month.
The notice released in Abuja on monday by the News Agency of Nigeria,
NAN reports that the notice for the new charge captioned ''card
maintenance fee'' was displayed on some ATM machines in the city. The
notice reads ''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.
Some customers however condemned the introduction and called for
sanctions from the regulatory body.