The Socio-Economic Rights and Accountability Project (SERAP) has taken legal action against the Central Bank of Nigeria (CBN) at the Federal High Court in Lagos over what it describes as an unjustifiable increase in Automated Teller Machine (ATM) transaction fees.
In suit number FHC/L/CS/344/2025 filed over the weekend, SERAP challenges the recent CBN directive imposing additional charges on ATM withdrawals.