Nigeria’s apex and government bank, the Central Bank of Nigeria has said it has recovered the whooping sum of 89.2 billion naira as illegal and excess bank charges slammed on Nigerians by the commercial banks.
The CBN Governor, Godwin Emefiele, said this at a 2-day public enlightenment fair in Calabar, as ably represented by the Acting Director, Corporate Communications Department, CBN, Osita Nwanisobi, stating also that Nigeria’s financial system is sound, resilient and stable contrary to rumors in unnamed quarters.
According to the Govenor, the amount which was recorded as at June 2021 was based on 23,526 complaints the pax bank received from customers bordering on charges and other related matters. He added that the insinuations that the Apex bank was planning to convert domiciliary/ dollar accounts to naira were false and unfounded.
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“What we do is that whenever we get these complaints, they are thoroughly investigated, if they are found to be true, the CBN makes sure that these customers are properly refunded and we have so far recovered N89 billion”, he said.
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