CBN recovers N50bn excess charges from banks

On behalf of the serially shortchanged banking public, the Central Bank of Nigeria (CBN) has recovered over N50billion from several money deposit banks in the last three years.

CBN’s Acting Director of Corporate Communications, Mr. Isaac Okorafor, confirmed the figure as excess charges imposed on customers by their banks.

Okorafor revealed this Wednesday, at the ongoing Abuja International Trade Fair.

According to him, the apex bank is committed to ensuring that bank customers are not burdened with excessive charges from their banks.

He also urged the public to report excessive charges they feel their banks had imposed on them.


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