The Central Bank of Nigeria says it has recovered over N65bn from commercial banks in the country for wrongful deductions and charges from customers’ deposits and other transactions in the last six years.

The Acting Director, Corporate Communications, CBN, Mr Isaac Okorafor, stated this on Wednesday on the sidelines of a two-day fair with the theme: ‘Promoting Financial Stability and Economic Development’ for stakeholders in Asaba, Delta State.

Okorafor explained that the recovery was made between 2012 and now, stressing that the funds had since been returned to customers, who hitherto complained of wrongful charges and deductions by commercial banks.

“We have recovered and returned to customers over N65bn out of complaints by people over acts of treatment on customers, wrong charges, wrong deductions and others since 2012/2013 when we started,” he said.

He stated that the purpose of the fair was to have a face to face interaction with customers and critical stakeholders in order to understand their challenges and proffer solutions.

Okorafor added that hawking of various denominations of the naira was an offence punishable under the CBN Act of 2005, and warned that the apex bank would not tolerate the breach of its Act, and called on those involved, particularly its staff members, to desist from the practice as they would be dismissed if caught.

He, however, blamed the police for the lack of prosecution of offenders who were caught hawking naira during various raids in Lagos, Port Harcourt, Onitsha, Ibadan and other cities.

He stated, “The CBN is very committed to making sure that people do not hawk the naira, because it is an offence punishable under the CBN Act of 2005. We have made it clear to any of our staff involved in the practice that they will be dismissed.

“We have also made it clear to banks that any of them caught doing it will be severely punished. We are a regulator and not a law enforcement agency. It is the duty of the Nigerian Police to enforce the law. We have collaborated with them at different times.

“We have had raids in Lagos, Port Harcourt, Onitsha, Ibadan and so on, and we will continue to do that, and people have been caught and money confiscated. We are waiting on the police to begin to prosecute those people.”

http://investorsking.com/illegal-deductions-cbn-returns-n65bn-bank-customers/

We asked the last time that where is the money?
Who don get alert?!

I never get alert oh.

Good news for all first bank customers. To stay on top of your game, download and install the first bank mobile app to see statement of accounts and check what's happening in your account. Click the link on my signature to know more..

Make I check my account if na true. Please everyone check your account.

the ogas go still share it cuz most customers don't even know their money is deducted...

How will i get back my Money..

Still waiting for my refunds

Nope...only on the pages of newspapers...

Truth234:
The Central Bank of Nigeria says it has recovered over N65bn from commercial banks in the country for wrongful deductions and charges from customers’ deposits and other transactions in the last six years.

The Acting Director, Corporate Communications, CBN, Mr Isaac Okorafor, stated this on Wednesday on the sidelines of a two-day fair with the theme: ‘Promoting Financial Stability and Economic Development’ for stakeholders in Asaba, Delta State.

Okorafor explained that the recovery was made between 2012 and now, stressing that the funds had since been returned to customers, who hitherto complained of wrongful charges and deductions by commercial banks.

“We have recovered and returned to customers over N65bn out of complaints by people over acts of treatment on customers, wrong charges, wrong deductions and others since 2012/2013 when we started,” he said.

He stated that the purpose of the fair was to have a face to face interaction with customers and critical stakeholders in order to understand their challenges and proffer solutions.

Okorafor added that hawking of various denominations of the naira was an offence punishable under the CBN Act of 2005, and warned that the apex bank would not tolerate the breach of its Act, and called on those involved, particularly its staff members, to desist from the practice as they would be dismissed if caught.

He, however, blamed the police for the lack of prosecution of offenders who were caught hawking naira during various raids in Lagos, Port Harcourt, Onitsha, Ibadan and other cities.

He stated, “The CBN is very committed to making sure that people do not hawk the naira, because it is an offence punishable under the CBN Act of 2005. We have made it clear to any of our staff involved in the practice that they will be dismissed.

“We have also made it clear to banks that any of them caught doing it will be severely punished. We are a regulator and not a law enforcement agency. It is the duty of the Nigerian Police to enforce the law. We have collaborated with them at different times.

“We have had raids in Lagos, Port Harcourt, Onitsha, Ibadan and so on, and we will continue to do that, and people have been caught and money confiscated. We are waiting on the police to begin to prosecute those people.”

http://investorsking.com/illegal-deductions-cbn-returns-n65bn-bank-customers/

I have not seen my own oooo

I haven't seen mine

E never reach my hand oooo

Make dem return my 540 naira back ASAP.

I never see my own

Both CBN and the Banks are birds of the same feather. We will overcome them one day.

Wait wait. wait. When? How? Where? They have not given me ooo.

Make i rush go make complains

First Bank has done a lot of pilfering to my account balance last I checked it,this attitude is not encouraging saving.

Which side do they even stay and share all this money? Abacha loot... Ekiti money... Now this!

Who and where are the customers?
If you are part of the customers that got back those charges , kindly gather here for some selfie.

God is never coming to Nigeria

i never see my own too.

Well I received over 36k from ANY ACCOUNT according to the alert wey dem send me.

These banks are criminals!

post=69507807:
We asked the last time that where is the money?
Who don get alert?!

I did

Story for the gullible gods..waiting for CBN alert..another avenue for the scammers explored.

And no Nigerian is yet to see any refund. it seems to me they don't know this is raining season and most thunders are back from their various training camps...



except the one whom task is till next year before it return to fire someone some refers as "number one citizen"