Connect with us

News

CBN Instructs Banks to Refund Excess Charges

Published

 on

CENTRAL BANK OF NIGERIA LOGO BELLA NAIJA

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.

2 Comments

  1. @edDREAMZ

    June 13, 2014 at 2:28 pm

    a.k.a EDWIN CHINEDU AZUBUKO said…
    .
    This dude is really working….. Niceone mr governor..
    .
    .
    ***CURRENTLY IN JUPITER***

  2. asuquo, marshal aniedi

    August 17, 2014 at 10:07 am

    is it now that the cbn want’s to disclosed all the secret of deposit money bank? And i really want to know why central bank impose the charges of ATM withdrawal again? Is it how mallam sanusi control the circulation of money in the economy….?

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Tangerine Africa
css.php