February 29, 2016/The Will A group, Consumer Advocacy Foundation of Nigeria (CAFON), is leading the protest to boycott banking activities on Tuesday, to protest alleged exorbitant deductions and unnecessary bank charges. According to reports gathered by THEWILL, the not-for-profit group, dedicated to advocacy for consumer rights and protection has declared […]
Tag: Charges
SEC receives 1,500 petitions on bank charges, others
In the last one month, the Securities and Exchange Commission has received over 1,500 complaints from shareholders of quoted companies, investigations have revealed. Our correspondent gathered on Sunday that the complaints bothered on bank charges, non-payment of dividends by some quoted companies even after declaring profits, and delays in getting […]
CBN Goes Tough on Customers’ Protection
In line with its commitment to protect bank customers, the Central Bank of Nigeria (CBN) at the weekend said it would soon introduce a policy aimed at enforcing the repayment of illegal deductions on customers’ account by banks. Specifically, the CBN Governor, Mallam Sanusi Lamido Sanusi, who revealed this at […]
