Loading...

Author Topic: Nigerian Banks suffocating Nigerians with arbitrary charges?Consumer Right Group  (Read 134 times)

0 Members and 1 Guest are viewing this topic.

Offline mastercode

  • Global Moderator
  • Hero Member
  • *****
  • Posts: 2242
    • View Profile
    • Naijacrux
The President of the Consumer Advocacy Foundation of Nigeria (CAFON), Mrs Sola Salako, on Tuesday said 400,000 bank users lodged complaints against arbitrary charges by Nigerian banks between June 2016 and December 2016.

Salako stated this in an interview with the News Agency of Nigeria (NAN) on Tuesday in Lagos.

She gave reasons for the ?No Banking Day? protest organised by the organisation nationwide.


According to the CAFON president, the rate at which bank users are complaining about excessive charges is becoming alarming.

?The protest has become expedient due to constant complain by banks? customers over excessive charges.

?Nigerians are known to be very tolerant. They will not complain about anything until it gets to an unbearable level.

?When it gets to a crescendo and you go online, you see people posting their complaints over excessive bank charges


?It (bank charge) has become more alarming and it is because the customers are complaining to us as an NGO that looks at the right things that we thought it time to urge Nigerians to defend their rights.

?It is not every time you get angry to the point of becoming destructive,?? she said.

Salako alleged that the Bankers? Committee had been fixing charges without recourse to bank users.

She said the committee determined ?what is profitable to the banks at the detriment of bank users??.

Salako said that the banks further extended their proposal to the Central Bank of Nigeria (CBN) for acceptance.

She said that the apex bank, some years ago abolished ATM charges as well as COT charges on current account.

Salako said that surprisingly, the CBN had brought back all the charges.

?We now pay for using other banks? ATMs, Annual Debit Card maintenance charges and other charges,?? she said.

Salako said that there were no noticeable interest rates on savings account. (NAN)



 

New electricity tariff takes-off February 1-Says Nigerian Electricity Regulatory

Started by newspostng

Replies: 0
Views: 175
Last post January 07, 2016, 09:36:34 AM
by newspostng
Ex Nigerian Finance Boss Okonjo-Iweala denies withdrawing $1Billion for Jonathan

Started by mastercode

Replies: 0
Views: 182
Last post July 14, 2015, 02:26:45 PM
by mastercode
?400 Billion worth of looted Nigerian money stashed in Europe, Asia and America

Started by admin

Replies: 0
Views: 334
Last post August 09, 2015, 12:21:07 PM
by admin
Nigerian Naira Falls To 360 As Dollar Demand Rises due to Fuel Subsidy removal

Started by mastercode

Replies: 0
Views: 141
Last post May 16, 2016, 01:53:01 AM
by mastercode
Nigerian FG appoints KPMG, PWC to audit NNPC, other revenue generating agencies

Started by admin

Replies: 0
Views: 258
Last post August 14, 2015, 09:32:06 PM
by admin
President Buhari Vows, We?ll use 2016 budget to diversify Nigerian economy

Started by admin

Replies: 0
Views: 200
Last post October 06, 2015, 11:49:15 AM
by admin
Nigerian Dwindling federal allocation worries me - Says Gov Ahmed of kwara state

Started by yungcrux

Replies: 0
Views: 136
Last post October 27, 2015, 11:57:51 AM
by yungcrux
Nigerian Senate uncovers overblown N10bn budget in Ministry of Education

Started by mastercode

Replies: 0
Views: 113
Last post February 02, 2016, 01:23:30 PM
by mastercode
Nigerian Naira suffers again , Falls To N345/$ Per Dollar In Parallel Market

Started by legendguru

Replies: 0
Views: 151
Last post February 16, 2016, 12:43:19 PM
by legendguru
Nigerian NSCDC to monitor petrol stations amid fuel scarcity

Started by yungcrux

Replies: 0
Views: 303
Last post April 04, 2016, 10:08:40 AM
by yungcrux