NewsExpress advert Yudala banner
Excesses charges: Enugu House of Assembly slams banks, tasks CBN

By Charles Iwuoha, Enugu on 14/02/2018

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 267


Members of the Enugu State House of Assembly, Tuesday, slammed commercial banks over what they called unwarranted charges being imposed on customers.

This was sequel to a motion moved at plenary by the sponsor, Rt. Hon. Chinedu Nwamba, representing Nsukka East Constituency, which was seconded by Hon. Iloabuchi Aniagu, representing Nkanu West Constituency.

Nwamba said the need for the motion arose out of myriads of complaint he was receiving from residents of Enugu State over the activities of banks operating in the state.

He said: “There is no gainsaying the obvious fact that a high percentage of Nigeria citizens are living below poverty line. The indices are there and points to the above fact.

“Therefore, it will be absurd to allow commercial banks operating in Nigeria, especially Enugu State to continue to add to the pains of the people by way of imposing unwarranted charges on every transaction carried out by their customers.”

The lawmaker said the unwarranted charges ranged from “transaction alert, interbank withdrawal charge, card maintenance charge, charge for withdrawals above certain limits, on-line transfer charges, among others. It is even more annoying that the banks do not inform or solicit the customer’s consent.

“All they do is to charge you what they care, deduct same and at the end of the month, charge you again for what they call monthly charges.”

He added that observation showed that the banks slam charges on customers based on independent bank policy and not on uniform basis as it was used to be.

“For instance, it is not what bank A charges for on-line transfer that bank B charges for same volume or transaction, yet the same commercial banks are expected to operate under the same rules and regulations,” he noted.

News Express reports that all the lawmakers who re-echoed Nwamba’s stand, said it was high time the CBN intervened to save helpless Nigerians from such exploitation.

Aniago had while seconding the motion, lamented that the banks were also neck-deep in hidden charges, especially in the area of loan facilities, a situation he said deserved the attention of the apex bank.

The House, therefore, urged the apex bank and other Financial Regulatory Authorities “to look into the activities of the commercial banks operating in Nigeria, especially in Enugu State with regards to the charges on customers’ transactions and stop the multiplicity of charges which they impose on customers’ accounts.”

In a remarks after commending the members for a robust debate and passage of the motion, the Speaker of the Enugu State House of Assembly, Rt. Hon. Edward Ubosi, described it as “a serious matter.”

He announced that the House would set up a committee, which would hold public hearings and come up with more measures.

“The committee will have one month to conduct public hearings; even if it entails going to the National Assembly, they should do so, in order to put this to an end,” the Speaker stated.

Source News Express

Posted 14/02/2018 12:23:50 AM

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

 

You may also like...
The security Anambra is enjoying today was as...

Nigeria’s stolen $200bn in foreign banks: Ex-CBN chief...

Medical Association bemoans scourge of substandard laboratories

Ghana bans first class travel for public officials...

Prof Nwaorgu, Father of Otorhinolaryngology in Nigeria, stresses...

NITDA begins registration, licensing of IT contractors

Dreaded Commander of Obiano Police dies suddenly

Osun exceeds global standard for GDP to infrastructure...

Okorocha under fire over visit, lavish honour for...

FG hints at increase of Abuja-Kaduna rail fares...

Soyinka breaks silence, says BIAFRA (Igbos) SUFFERED GENOCIDE...

Will our votes count in 2015?

 

Latest News FG confirms 110 Dapchi schoolgirls missing, steps up rescue efforts FRSC rescues pregnant woman from suspected kidnappers China’s ruling party plots constitution change, 3rd term for Presidency Xi Jinping Corruption index: Nigeria’s poor ranking a wake-up call for Buhari administration — SERAP Boko Haram attacks Madagali (Adamawa) 35 times in 10 months •Kills 27, destroys over 100 houses Muslim scholars urge ‘uprising’ over US’ Jerusalem embassy move 297,000 vulnerable households get FG’s stipends in 20 states Army postpones 77 Regular Recruitment — Spokesman Jesus’s burial site shut in protest Church with 100 sex slaves busted in South Africa My wife cries daily: Robert Mugabe Speeding vehicle kills 9 schoolchildren

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (327,089 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (319,267 views) Shameless Genevieve Nnaji exposes breasts in public (255,789 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (209,851 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (195,226 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (188,390 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (164,066 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (147,392 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (140,808 views) Lagos plane crash: Journalist releases victims’ names (130,134 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (128,826 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (123,606 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (34) Business (2,912) Business Verdict (34) Columnists (806) Complaints & Requests (94) Enterprise & Opportunities (203) Entertainment (447) Features (549) Global Business Monitor (226) International (1,809) Interviews (143) Live Commentary (28) Love Matters (106) News (33,118) Opinion (885) Pidgin (10) Politics (4,524) Religion (687) Sports (1,442) Stock Watch (28) AMA & Al Jazeera Global Update

 

 

Football president George Weah puts Liberian army to the test

 

APO Group Partner

 

CLASSIFIED ADS

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement