Tag: Bank Customers
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MUST READ: New strategies used by robbers to rob bank customers
The Ebonyi Police Command on Thursday said it had uncovered a new strategy used by criminals to rob bank customers. The command’s spokesperson, Mrs Loveth Odah, made this known in Abakaliki. Odah warned members of the public, especially bank customers, to always be security conscious whenever they make bank transactions. According to her, the new…
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Nigerian Bank Customers as Beast of Burden, By Henry Boyo
BY HENRY BOYO “Regrettably, both Central Bank of Nigeria and, the Money Deposit Banks, seem to perceive customer deposits, as a burden which must be taxed, rather than the primary platform on which their lending capacity and ultimate profitability, is predicated. For example, with the subsisting mandatory Cash Reserve Ratio of 22.5 per cent for…
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Bank customers to lose N6.1tn to e-fraudsters by 2021 – CBN
The Central Bank of Nigeria (CBN) on Wednesday predicted that E-fraud loses will reach N6.1 trillion by the year 2021. This was made known by S.K. Salam-Alada, who is the Director of Consumer Protection Department, CBN, at the workshop for business editors and finance correspondents association of Nigeria (FICAN) by the Nigeria Deposit Insurance Corporation…
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Illegal deductions: CBN recovers, returns N65bn to bank customers
The Central Bank of Nigeria (CBN) says it has recovered over N65 billion from commercial banks in the country for wrongful deductions and charges from customers’ deposits and other transactions in the last six years. The Acting Director, Corporate Communications, CBN, Mr Isaac Okorafor, stated this on Wednesday on the sidelines of a two-day fair…