The Central Bank of Nigeria (CBN) on Thursday said it has so far recovered over N60 billion from erring banks as excessive charges imposed...
The Central Bank of Nigeria on Thursday said it has so far recovered over N60 billion from erring banks as excessive charges imposed on customers.This is just as the Apex Bank has announced that it had commenced the processes for creation of 10 million jobs in the next five years through investment support in agriculture, using 10 commodity models.
According to him, the amount was recovered following complaints by 13,000 customers over excess and illegal charges on their accounts by banks. He added that the CBN adopted intermediation strategy to monitor the banks and ensure they did not misuse customers deposits.He used the opportunity to advise bank customers to report all cases of suspected illegal or excessive charges they feel their banks might have imposed on them.
In the light or this, the CBN spokesman disclosed that more than 10 million jobs would be created in Nigeria in the next five years through the Apex Bank’s activities.
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