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Saturday, 14 June 2014

Good News: CBN Instructs Banks To Refund Excess Charges...


CENTRAL BANK OF NIGERIA LOGO BELLA NAIJA



I have been praying for this and thank God someone up there finally listened. Good news the Central Bank of Nigeria has ordered all deposit money banks to refund illegal fees they charged patrons over a one-year period.

CBN stated that some banks had been overcharging customers on the Commission in Turnover, and that some lenders had also charged illegal maintenance fees on COT-free accounts, Punch reports.
Consequently, CBN has given all the deposit money banks 30 days to refund the excess charges or face dire penalties.

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