LAWYER SUES CBN OVER MAINTENANCE FEE ON ATM CARD

Oladimeji Ramon A Lagos-based lawyer, Mr Olumide Babalola, has urged the Federal High Court in Lagos to declare as anti-people the N50 quarterly card maintenance fee recently introduced by the Central Bank of Nigeria. The lawyer, through the suit, is urging the court to nullify the December 20, 2019 circular issued by the CBN to all banks and non-bank commercial institutions for the enforcement of the card maintenance charge. Babalola contended that the N50 card maintenance charge was in bad faith, against public interest and urged the court to declare…

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