Follow Naijacrux on twitter .follow us on Twitter www.twitter.com/naijacruxonline, or @naijacruxonline or search for naijacruxonline on twitter!!Like us on facebook .Like us at www.facebook.com/Naijacruxforum.Click Here To Last longer In Bed[Stay amused>>>Don’t be a one minute Foul]>>> Love need Tips-See how Here


Author Topic: Nigerian Banks suffocating Nigerians with arbitrary charges?Consumer Right Group  (Read 1419 times)

0 Members and 1 Guest are viewing this topic.

Offline mastercode

  • Global Moderator
  • Hero Member
  • *****
  • Posts: 2923
  • Karma: +0/-0
Loading...
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: 1692
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: 1719
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: 2157
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: 1518
Last post May 16, 2016, 01:53:01 AM
by mastercode
Nigerian FG announces N5bn palliatives to cushion fuel subsidy harsh effect

Started by lindaikeji

Replies: 0
Views: 7871
Last post August 18, 2023, 08:04:40 AM
by lindaikeji