The Central Bank of Nigeria said on Wednesday in Abeokuta, the Ogun State capital that it had recovered over N9bn excess charges deducted from customers’ accounts by banks across the country. The CBN said it facilitated the recovery of the excess charges in the last one year. The CBN’s Controller […]
Tag: Charges
Competition forces banks to reduce charges
Reprieve seems to have come for bank customers as competition among the banks is driving down the cost of running accounts, ADEMOLA ALAWIYE writes. Dr. Thomas Abah is a long-standing customer of one of the Deposit Money Banks located on Oba Akran Avenue in Ikeja, Lagos. He had gone to […]
Bankers’ Committee to investigate excess bank charges
The Bankers Committee of the Central Bank of Nigeria on Tuesday said it would investigate alleged excessive charges imposed on customers by Deposit Money Banks. The committee pointed out that by the recent directives of the central bank, which was meant to streamline bank charges, customers were supposed to enjoy […]
