The Consumer Advocacy Foundation of Nigeria (CAFON) is
calling on Nigerians to shun all banking transactions on
March 1, 2016, to protest excessive charges by the financial
institutions in the country.
President of the group, Sola Salako, said in a press
conference in Lagos at the weekend, that the era of arbitrary
charges by banks was no longer tolerable; hence Nigerians
should act fast by joining the protest, tagged, “No Banking
Day Campaign.’’
She said Nigerians had endured excessive charges,
inexplicable fees and unfair contracts that only protected the
banks, not consumers.
She said, “Banks debit consumers’ accounts at will for
charges we never agreed to or were not aware of. They
charge us for everything. We pay to get our statements,
introduction letters, debit cards; and now, some banks are
charging N210 for the use of deposit and transfer forms in
their branches.”
Salako said that in view of the recent policies on bank
charges, it is unfortunate that the Central Bank of Nigeria
(CBN), which should protect consumers from undue
exploitation, appears to be more sympathetic to the banks
at the detriment of the vulnerable consumers.
She said that while March is coincidently the world’s
consumer month, Tuesday, the first day of the month, has
been set aside as a #NoBankingDay?
She said the day would be a passive nationwide consumer
action day when aggrieved consumers should avoid all
banking services.
“Don’t visit any banking hall, don’t use your ATM cards,
don’t log in to any online banking, don’t transfer any money
from your phones, tablets or laptops, don’t make any POS or
online payments, don’t issue or present any cheques dated
March 1, 2016,’’ she urged bank customers.”



www.dailytrust.com.ng/news/business/-shun-all-banking-transactions-on-march-1/134672.html

Hmmmm

Yeye dy smell