BANKERS REDUCE C.O.T TO N3 PER N1000 WITHDRAWN

The Bankers Committee has said Deposit Money Banks in the country have agreed to reduce all bank charges in order to enhance financial inclusion.?As a first step, the committee has already endorsed the downward review of the Commission on Turnover charged current account holders from N5 on every N1,000 withdrawn to N3.?The approval of the reduction was announced after the committee?s meeting, which was held at the headquarters of the Central Bank of Nigeria on Tuesday in Abuja. No indication yet as when this will become effective.