‘FRIEND OF A THIEF IS A THIEF’, DEFENCE MINISTER WARNS TERRORIST SPONSORS. (PHOTO).

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 ‘Friend Of A Thief Is A Thief’, Defence Minister Warns Terrorist Sponsors The Minister of Defence, General Christopher Musa (rtd), has cautioned Nigerians against aiding terrorists, insurgents, bandits, or other criminal elements, stressing that anyone who supports criminal activities will face the full weight of the law. General Musa made the warning on Saturday while speaking as the Special Guest of Honour at the Armed Forces Celebration and Remembrance Day 2026 Golf Tournament held at the TYB Golf Resort and Country Club, Yar’Adua Barracks, Abuja. He urged citizens to continue supporting the Armed Forces and other security agencies, noting that the Federal Government has given them a clear mandate to deal decisively with all threats to national security. “I call on all Nigerians to stand with the Armed Forces and security agencies in the quest for peace,” Musa said.  “Those who continue to support bandits, insurgents, terrorists, or criminals must desist immediately. As th...
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BANKS LOAD ATMs AS NEW N100 WITHDRAWAL FEE TAKES EFFECT. (PHOTO).

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 Banks Load ATMs as New N100 Withdrawal Fee Takes Effect


Nigerian banks have stocked their ATMs with cash following the implementation of a N100 withdrawal fee on March 1, 2025, in line with the Central Bank of Nigeria (CBN)’s revised policy.


Under the new structure, withdrawals from an individual's bank’s ATMs remain free, but customers using other banks' ATMs will be charged N100 for withdrawals of N20,000 or less at on-site ATMs (located within bank premises). Off-site ATMs, such as those in malls or fuel stations, will incur an additional surcharge of up to N500 per transaction. International withdrawals will attract cost-recovery-based charges.


A survey of ATMs across Lagos showed that most banks had updated their machines to notify users of the new charges before processing withdrawals.


Meanwhile, customers have expressed frustration over the additional cost, citing economic hardship. The Trade Union Congress (TUC) and Socio-Economic Rights and Accountability Project (SERAP) have condemned the policy, urging the CBN and the government to suspend the charges. They argue that the new fees further burden already struggling Nigerians.


The CBN has advised customers to use their bank’s ATMs or alternative payment channels, such as mobile apps and POS devices, to avoid the charges.

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