The Central Bank of Nigeria (CBN) said it has recovered over N60 billion excess charges imposed by banks on customers and returned the money to the owners.
The CBN said the money was discovered due to complaints by 13,000 customers who laid complains of illegal charges by banks.
The CBN Deputy Director, Consumer Protection Department, Chinyere Obilor, disclosed this at a sensitisation forum organised in Owerri, by the apex bank.
“The Department received over 13,000 complaints from aggrieved members of the banking public and recovered over N60 billion excess bank charges and returned the same to the rightful owners” Obilor said
She said some of the banks were commensurately sanctioned for the observable unethical practices.
She urged the banking public to promptly report any unethical practice by commercial banks to the CBN, for what she called “immediate action”
The CBN Director of Corporate Communication, Isaac Okoroafor, also added that by 2025, no fewer than 10 million jobs would be created in Nigeria, through CBN activities.
“This will be achieved through 10 commodity models carefully chosen by CBN management. They include cotton, cocoa, maize, dairy, palm oil, fishery, poultry, cattle, tomato, and cassava,” Mr.Okoroafor said.
He said the CBN will give out high yielding seedlings, fingerlings, and other inputs, to farmers, stressing that the CBN remained committed to the welfare the masses.
“As a way of assisting farmers, the CBN will provide anchor companies, who will buy off the products from the farmers immediately after harvest. This will create the best value chain for the farm products,” he added.
Mr Okagor added that plans for farmers settlements were on grounds that Nigeria would have collapsed if not for Central Bank of Nigeria’s commitments.
For the 60 Billion naira recovered by CBN, the money has been disbursed to the 13,000 customers who laid the complaints.
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