Sue banks for illegal deductions, ex-CIBN President urges Nigerian customers - Tellbrief.com

Sue banks for illegal deductions, ex-CIBN President urges Nigerian customers

A former president of the Chattered Institute of Bankers of Nigeria (CIBN), Mr. Okechukwu Unegbu, has urged bank customers in Nigeria to approach the courts if they observe irregular deductions from their accounts.

He spoke against the backdrop of complaints by bank customers on unexplained, multiple deductions from their accounts. He said that there were Central Bank of Nigeria (CBN) guidelines on bank charges.

“But most Nigerian banks charge much more than what is recommended, which is against all principles of banking. The bank advised customers to give deposit money banks at least two weeks to resolve any issues, failure of which it would intervene.

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