CBN Returns over N60bn Excess Bank Charges to Customers
The Central Bank of Nigeria Thursday said it had so far recovered over N60 billion from erring banks as excessive charges imposed on customers.This is coming 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.
Okoroafor, who also disclosed that the erring banks were meted with various penalties by the CBN, stated that the Apex Bank was determined to ensure that no bank customer was cheated with excessive charges from their banks. Speaking on the CBN’s development function, Okoroafor said, “We want to stop inflation in the economy by ensuring that prices of food items don’t keep rising at every turn. That’s why we made loans available with single digits interest rate.”
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