CBN returns over ₦60 billion excess bank charges to customers

The Central Bank of Nigeria (CBN)\ has returned over ₦60 billion excess bank charges to customers.

CBN returns over ₦60 billion excess bank charges to customers lailasnews

On Thursday, CBN said it has so far recovered over ₦60 billion from erring banks as excessive charges imposed on customers and has equally returned same amount to the affected 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.

The CBN Director of Corporate Communications, Mr. Isaac Okoroafor said the recovery of the excess bank charges was made possible through the bank’s Consumer Protection Department.

According to him, the amount was recovered following complaints by 13,000 customers over excess and illegal charges on their accounts by banks.

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