Banks Reconfigure ATMs to Beat CBN’s Reduction of Charges CBN vows to investigate sharp practice Sunday Ehigiator Some commercial banks have designed means to avoid the recent slash in charges on withdrawal from Automated
Teller Machines (ATM) by the Central Bank of Nigeria (CBN), investigation by THISDAY has shown. The central bank recently reduced the N65 charged on
remote-on-us ATM after the third withdrawal in a month, to N35. Remote-on-us are transactions done by a card holder on another bank’s ATM.
The policy became effective on January 1, 2020. But findings by THISDAY in Lagos, showed that some of the banks have adjusted the maximum payout from
charged more frequently. However, while all the banks still left the option of withdrawing above N10,000
their ATMs for other banks’ cardholders to between N5,000 and N10,000 per transaction, giving room for customers to use the machine to withdrawal more than necessary and get
Continued on page 9
FG to Underwrite N544.8bn Electricity Tariffs’ Shortfall... Page 8 Monday 6 January, 2020 Vol 24. No 9037. Price: N250
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TODAY'S WEATHER
ABUJA 25°C-33°C
MAIDUGURI 31°C-31°C
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ENUGU 25°C-28°C
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KANO 27°C-33°C
LAGOS 24C-27°C
PORT HARCOURT 20°C-30°C
We’re Ready to Take over Security from Military in Volatile States, Say Police Soldiers have no business in internal security, say experts Chad withdraws troops as insurgents intensify attacks Kingsley Nwezeh in Abuja The police have signified their readiness to fill the vacuum that would be created by the withdrawal of the military from internal security operations in volatile states. They said as the lead agency in internal security operations, they were working on the modalities on the
deployment of personnel and other resources to such states so that criminals would not take advantage of the transition process to cause a spike in crime. Security experts have also queried the presence of troops in states not considered volatile such as Lagos, Cross River, Continued on page 9
Lagos, 13 Others Hike Cost of RoW for Telecoms Infrastructure
By Our Correspondents
Fourteen states, including Lagos, Kano, Anambra, Ondo, Cross River, Kogi, Osun, Kaduna, Enugu, Adamawa, Ebonyi, Imo, Kebbi and Gombe, have hiked the cost of Right of Way (RoW) for telecoms infrastructure, THISDAY’s investigation has revealed. THISDAY gathered that agencies and ministries of some of these states have
increased the cost of RoW from the initial fee of between N300 to N500 per linear metre to between N3,000 and N6,000 per linear metre. However, the cost of RoW on federal roads is N142 per linear metre. Some of these agencies and ministries include, the Lagos State Infrastructure Maintenance and Regulatory Agency (LASIMRA), State Continued on page 9
WELCOME TO NIGERIA... President-elect of Guinea Bissau, Mr. Umaro Embalo (left), and President Muhammadu Buhari during the visit of Embalo to the Presidential Villa, Abuja…yesterday godwin omoigui
Buhari Seeks Peace, Stability in West Africa... Page 5