Mr Okechukwu Unegbu, a financial expert, has called on the Central Bank of Nigeria to check the multiplicity of service charges by Deposit Money Banks.
Unegbu, a past president of the Chattered Institute of Bankers of Nigeria, made the appeal in an interview on Sunday in Abuja.“What we have now is a situation where the DMBs pile up so many unexplained charges on their customers without offering any service.
“The acting CBN governor, Folashodun Shonubi, should pay particular attention to understanding the DMBs and their customers, and take full charge of regulating their activities,” he advised. According to him, in the past, the only charges that banks imposed on their customers were the Commission on Turnover and interest payments on loans, which were strictly regulated by the CBN.
“The CIBN has discussed this issue severally; that banks should serve their customers with conscience,” he said.
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