CBN urged to tackle indiscriminate bank charges, customer victimisation

A coalition of civil society organisations has called on the federal government to address the issues of unexplained withdrawals, hidden charges, and other malpractices in the banking sector.
The coalition under the auspices of CSOs Against Bank Fraudulent Practices and Customer Victimisation made the call while staging a peaceful protest in Abuja on Thursday.
The coalition stated that the call was imperative because addressing the issues would enhance customers’ confidence in the system.
Addressing newsmen on the sidelines of the protest, the director of mobilisation of the coalition, Flora Elekwa, said that many Nigerians had several complaints against banks across the country.
She urged the government, through relevant agencies, to intervene, citing a particular case involving Miden Systems Ltd, where thousands of dollars and millions of naira were allegedly withdrawn to restore peace and enhance investors’ confidence in the system.
Ms Elekwa said that a petition had been submitted to the Central Bank of Nigeria and other anti-graft agencies to defend the rights of the Nigerian people.
“As a coalition of civil society organisations, we cannot stand by and watch banks or similar financial institutions victimise customers.
“This is the reason for this peaceful protest, to draw attention to some of the practices in the commercial banks,” she said.
(NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette

Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”

States
Lagos man in court for alleged N3 million Kuwait work visa fraud
The prosecutor said the offences contravene the provisions of sections 287, 314 and 411, of the Criminal Law of Lagos State, 2015.

NationWide
NBC expands FreeTV access to mobile devices
The National Broadcasting Commission says Nigerians can now access Free TV services on mobile devices through a dedicated application, alongside satellite decoders.

Hot news Home top
Court orders ex-AGF Abubakar Malami to forfeit 48 property to FG
Justice Abdulmalik held that Mr Malami failed to show that the property were acquired through lawful sources.

Heading 2
Jamaican reggae star Fantan Mojah dies at 49
In a tribute, Ub40 Ali Campbell, described Mr Mojah’s demise as a sad development.

Heading 5
Oyo Hostages’ Release: Tinubu gave us Christmas in July, says Moyo Okediji
Mr Okediji, a professor of Art and Art History at the University of Texas, Austin, lauded the approach of President Bola Tinubu’s administration in rescuing the captives.

States
Residents beg for help as flood overruns Plateau community
Some of the residents told the Peoples Gazette that the community has been battling flooding for some years.





