Tag: Illegal Deductions
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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…
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Unsolicited SMS, illegal deductions: Ex-Kaduna gov threatens legal action against glo
Worried by constant reception of unsolicited SMS and and the illegal deductions trailing such, a former Military Governor of Kaduna State, Abubakar Umar, has threatened to take legal action against Glo, one of Nigeria’s major telecoms service providers. Umar disclosed this Wednesday afternoon after receiving several unsolicited subscription alerts and deductions of money from his…
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Senate summons Emefiele, banks, others over illegal deductions
The Senate on Tuesday summoned the governor of Central Bank of Nigeria, CBN, Godwin Emefiele, forensic auditors, Managing Directors of banks and Bankers Committee over the recurring issue of illegal deductions and bank charges on both individual and corporate accounts. It also mandated the Committee on Banking, Insurance and other Financial Institutions, led by Senator…