Fidelity bank banner UBA banner
136 bank customers complain about N27.6bn wrong deductions

By News Express on 21/05/2017

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

Views: 1,482


The Chartered Institute of Bankers of Nigeria (CIBN) says its Ethics and Professionalism Division received 136 petitions with claims that amounted to N27.6 billion from bank customers in 2016.

The institute made this known in its 2016 Annual Reports and Accounts signed by the Registrar, Mr Seye Awojobi.

The report was released on Saturday in Lagos.

It said that 79 cases were fully resolved out of the 136 petitions, translating into a total refund of three billion naira.

The CIBN said that it also raised N439.58 million as annual development fund and corporate subscription during the year under review.

The institute noted that the figure was lower than the N443.38 million expected in 2016.

It said that the payments were received mostly in the first quarter of the year, thereby increasing its portfolio of investible funds.

The body also noted that the figure represented a balance of N3.8 million representing 0.86 per cent as outstanding at the end of the 2016 financial year.

CIBN said that regulators and commercial banks paid N400 million, development banks, six million naira; mortgage banks, N1.2 million; and microfinance banks, N2.2 million.

It added that the institute’s individual membership grew from 118,802 in 2015 to 122,680 in 2016.

The figure is an increase of 3,893 new members which represented 3.36 per cent into various categories which include honorary fellows and seniors as well as students and ordinary members.

On corporate members, the institute said it registered additional 16 microfinance banks in 2016, and that they were issued certificates in line with CIBN Act No. 5 of 2007.

It said that micro-finance banks which it had registered were 363 out of the 979 microfinance banks licensed by the Central Banks of Nigeria. (NAN)

Source News Express

Posted 21/05/2017 12:52:09 AM

 

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


 

CLASSIFIED ADS

 

You may also like...
NiMet predicts rains today in southern states, clouds...

El-Zak Zaky: Group warns Falana

Sani Bello hails Buhari for taming Boko Haram...

Herdsmen attack: Anambra Police warns against false alarm...

All set for Sanusi’s coronation as Emir of...

Jonathan’s govt. to collapse before 2015 –Pastor Bakare...

Zimbabwe’s opposition leader Morgan Tsvangirai (longtime Mugabe foe)...

Anioma loses Delta governorship ticket at the last...

NSE market capitalisation improves by N24bn

Look at them!

EFCC to arraign man for unlawful possession of...

World Cup: Hat-trick hero Ronaldo denies Spain in...

 

Latest News Wonder banks defraud over 1,000 people in Abia Body of abducted APC chieftain found in Rivers 2019: Why South-South is backing Atiku — Edwin Clark Alleged Fraud: Court orders service on Oshiomhole, EFCC Obasanjo sues radio presenter for N1bn over Bola Ige’s death 78-year-old serial killer confesses to killing 90 people Foreign investors, govt divest from banks 2019: International community beams searchlight on Nigeria 2019: Kashamu emerges Ogun PDP governorship candidate FG, States, LGs share N2.28tn in one quarter Eid-el-Maulud: Okowa urges sober reflection, seeks prayers for peaceful elections Buhari begs politicians not to set Nigeria ablaze, launches campaign manual

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (422,177 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (390,515 views) Shameless Genevieve Nnaji exposes breasts in public (323,563 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (272,016 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (244,576 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (227,679 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (209,387 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (190,951 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (176,243 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (168,783 views) Lagos plane crash: Journalist releases victims’ names (165,349 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (152,199 views)

 

Zenith Zero Balance First Bank chat banking

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (74) Business & Economy (3,801) Business Verdict (54) Columnists (964) Complaints & Requests (94) Enterprise & Opportunities (208) Entertainment (568) Features (670) Global Business Monitor (310) International (2,699) Interview (167) Live Commentary (28) Love Matters (146) Maggie's Blog (38) News (40,653) Opinion (1,144) Pidgin (13) Politics (7,793) Religion (902) Sports (1,780) Stock Watch (35) AMA & Al Jazeera Global Update

 

 

 

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera