Saraki reveals how he introduced ATM in Nigerian bank, laments excessive charges

Nigeria's Senate President, Dr Bukola Saraki said, has said he
introduced the use of Automated Teller Machine, otherwise known as ATM
in Nigeria.

He stated this on Wednesday while giving his remark on a motion,
"Illicit and excessive charges by Nigerian Banks on customers account
with particular focus on Automated Teller Machine (ATM) maintenance
and withdrawal charges", sponsored by Senator Olugbenga Ashafa
representing Lagos East Senatorial District.

Saraki said, he introduced ATM twenty-five years ago when he was the
Chairman of Society Générale Bank before other banks began the use of
ATM.

Saraki expressed grave concern over exorbitant charges by banks when
customers use their ATM, saying that when he introduced ATM services
in the now defunct Society Générale Bank, it was not so.

"I quite agree with the motion sponsored by Gbenga Ashafa over the
exploitation of ATM users, after all, the use of ATM is not a new
thing to banks. I first introduced ATM about twenty-five years ago."

Saraki was the Chairman of both the Society General Bank which later
became Trade bank. Both banks liquidated under controversial
circumstances.