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Bank Charges: CBN Returns Over N60 Billion Excess Bank Charges To Customers

The Central Bank of Nigeria (CBN) on Thursday said it has so far recuperated over N60 billion from failing banks as exorbitant charges forced on customers.

The bank likewise said it has similarly returned same amount to the affected customers.

This is similarly as the Apex Bank has declared that it had started the procedures for formation of 10 million employments in the following five years through venture support in farming, utilizing 10 product models.

Talking during a two-day customers sensitisation discussion in Owerri, the Imo State capital, the CBN Director of Corporate Communications, Mr. Isaac Okoroafor said the recuperation of the excessive bank charges was made conceivable through the bank's Consumer Protection Department.

According to him the sum was recovered following grumblings by 13,000 customers over excessive and unlawful charges on their account by banks.

Okoroafor, who likewise unveiled that the affected banks were allotted with different punishments by the CBN, expressed that the Apex Bank was resolved to guarantee that no bank client was cheated with unreasonable charges from their banks.

He included that the CBN received intermediation technique to screen the banks and guarantee they didn't abuse clients deposits.

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