The Central Bank of Nigeria (CBN) said it has recovered over N60 billion excess charges imposed by banks on customers and returned the money to the owners.
The amount, the apex bank said, was recovered following complaints by 13,000 customers over excess and illegal charges on their accounts by banks.Deputy Director, Consumer Protection Department, Chinyere Obilor, disclosed this at a sensitisation forum organised in Owerri, by the apex bank.
“This will be achieved through 10 commodity models carefully chosen by CBN management. They include cotton, cocoa, maize, dairy, palm oil, fishery, poultry, cattle, tomato, and cassava,” Mr.Okoroafor was quoted as saying. “As a way of assisting farmers, the CBN will provide anchor companies, who will buy off the products from the farmers immediately after harvest. This will create the best value chain for the farm products,” he said.
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