SERAP slams CBN, demands reversal of ATM transaction fees hike The Socio-Economic Rights and Accountability Project (SERAP) has issued a 48-hour ultimatum to the Central Bank of Nigeria (CBN), demanding a reversal of the recent increase in Automated Teller Machine (ATM) transaction fees. SERAP strongly condemns the hike, labeling it "unlawful, unfair, unreasonable, and unjust". In an open letter dated February 15, 2025, signed by SERAP Deputy Director Kolawole Oluwadare, the organisation urged CBN Governor Olayemi Cardoso to immediately reverse the policy. The organisation argued that it would worsen the financial hardship...