Published On: Wed, Jul 5th, 2017

Nigerians up in arms over persistent bank charges

Central Bank of Nigeria, CBN

Central Bank of Nigeria, CBN

LAGOS, (CAJ News) – A MAJORITY of Nigerians are concerned at what they believe are incessant and indiscriminate bank charges commercial banks are levying on their accounts.
This is according to public opinion poll findings suggesting 80 percent of the population is troubled.
NOIPolls, the polling firm, also revealed that most Nigerians (71 percent) considered the various charges as unfair in relation to the services rendered by the banks., yes
Similarly, the Bank Charges Poll indicated 72 percent of respondents were noticing various deductions from their bank accounts, these including SMS
charges,ATM / Debit Card maintenance and N65 (US$0,21) charge after three withdrawals per month among other charges.
More findings from the poll revealed that 76 percent were of the opinion that the Central Bank of Nigeria (CBN) had not done enough to defend bank customers from the alleged onslaught of incessant bank charges from commercial banks, particularly in this recession when ordinary Nigerians were feeling the pain of the economic downturn.
Nigeria, Africa’s biggest economy is undergoing a slide linked to the
plummeting price of oil.
The Bank Charges Poll was conducted in the week commencing June 5.
It involved telephone interviews of a random nationwide sample. Some 1 000 randomly selected phone-owning Nigerians aged 18 years and above,
representing the six geo-political zones in the country, were interviewed.
– CAJ News

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