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Nigerian Banks And Its Systematic Extortion (share Your Experience) - Business - Nairaland

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Nigerian Banks And Its Systematic Extortion (share Your Experience) by loyedammy: 12:27pm On Sep 03, 2018
been the poorest capital in the world, yet our banks are insensitive to its users. These are tweets made by a certain doctor on Twitter pushing for banks sanitation.

lend your voice by also sharing your experience.
https://twitter.com/DrOlufunmilayo/status/1036227686237134848

4 Likes 1 Share

Re: Nigerian Banks And Its Systematic Extortion (share Your Experience) by loyedammy: 12:32pm On Sep 03, 2018
@mynd44 help us, so that Nigerian banks can keep their fingers out of our money. thank you

and if you are here to defend their actions, please keep off. we can't continue to suffer and smile

43 Likes 3 Shares

Re: Nigerian Banks And Its Systematic Extortion (share Your Experience) by loyedammy: 12:34pm On Sep 03, 2018
.

1 Like 1 Share

Re: Nigerian Banks And Its Systematic Extortion (share Your Experience) by Nobody: 12:37pm On Sep 03, 2018
angry
Re: Nigerian Banks And Its Systematic Extortion (share Your Experience) by olujastro: 12:37pm On Sep 03, 2018
They say who no go no go know. Truth is, banks are the same almost everywhere.
Banking in several African countries is far better than many developed countries. Especially mobile banking

In Norway for example, interbank transfers take 24hrs. SMS notification charge is equivalent to N170.
I prefer Nigerian banking style by far especially when buying bitcoins. Charge me just N52 and do my transfer instantly.
Nigerians too like free things grin

19 Likes 4 Shares

Re: Nigerian Banks And Its Systematic Extortion (share Your Experience) by ZarahBuhari: 12:38pm On Sep 03, 2018
UBA charges N11 for transfers to other banks

But the idea of transfer fees charges by our banks is fraudulent

6 Likes 1 Share

Re: Nigerian Banks And Its Systematic Extortion (share Your Experience) by oshe11: 12:38pm On Sep 03, 2018
If I start to talk.......



The Red colors(debitting) on my App's transaction reach to paint Old Trafford



Them wan kee me......


Paid for ATM insuance fee

Them still collect #1050 for card insuance maintenance fee for the year

Months later them begin collect #50 monthly for Card Maintainance fee

SMS alert fee own still dey there.......

Transfers nkor......

23 Likes

Re: Nigerian Banks And Its Systematic Extortion (share Your Experience) by seyigiggle: 12:39pm On Sep 03, 2018
i tire oo and this was the change they voted for
i do tell people that Nigerian Banks are the biggest fraudsters unchecked.

7 Likes 1 Share

Re: Nigerian Banks And Its Systematic Extortion (share Your Experience) by Flets: 12:39pm On Sep 03, 2018
.....and some people will still defend the banks because we are already used to suffering and extortion.

8 Likes

Re: Nigerian Banks And Its Systematic Extortion (share Your Experience) by kennosklint(m): 12:40pm On Sep 03, 2018
nigeria banks wan send me go village

4 Likes

Re: Nigerian Banks And Its Systematic Extortion (share Your Experience) by eleojo23: 12:40pm On Sep 03, 2018
That is how Firstbank will be charging my inactive account for one thing or the other until the balance enters minus And even with the minus, they will still be minusing without mercy sad

70 Likes 3 Shares

Re: Nigerian Banks And Its Systematic Extortion (share Your Experience) by Sijo01(f): 12:40pm On Sep 03, 2018
When our regulatory agencies are not standing up to their responsibilities, masses are always at the receiving end.

12 Likes

Re: Nigerian Banks And Its Systematic Extortion (share Your Experience) by brosthink: 12:40pm On Sep 03, 2018
at last someone is speaking up

4 Likes 1 Share

Re: Nigerian Banks And Its Systematic Extortion (share Your Experience) by Alaadin(m): 12:40pm On Sep 03, 2018
It got so bad that i did over the counter withdrawal and the bank teller tolld me there is a 25 naira charge oooo, banking extortion is up there in criminal activites.

18 Likes 1 Share

Re: Nigerian Banks And Its Systematic Extortion (share Your Experience) by dayveed1(m): 12:41pm On Sep 03, 2018
After PMB is voted out coming election then we can talk about other things... As for now we don't care.

7 Likes 1 Share

Re: Nigerian Banks And Its Systematic Extortion (share Your Experience) by Alexchuka(m): 12:41pm On Sep 03, 2018
Very annoying and frustrating

1 Like

Re: Nigerian Banks And Its Systematic Extortion (share Your Experience) by RevenGeMission: 12:41pm On Sep 03, 2018
Skye Bank and the then Intercontinental bank scammed me 20k , I Never got a refund

5 Likes

Re: Nigerian Banks And Its Systematic Extortion (share Your Experience) by kaycee125: 12:41pm On Sep 03, 2018
I have spent close to 500 naira today doing transfers. really sad.

3 Likes

Re: Nigerian Banks And Its Systematic Extortion (share Your Experience) by wellmax(m): 12:42pm On Sep 03, 2018
So many things we take as normal in Nigeria are actually wrong/

Why charge me for card maintenence

8 Likes

Re: Nigerian Banks And Its Systematic Extortion (share Your Experience) by shedy03(m): 12:43pm On Sep 03, 2018
ZarahBuhari:
UBA charges N11 for transfers to other banks

But the idea of transfer fees charges by our banks is fraudulent
UBA charge N50 for transfer to other banks. i wonder if your UBA is different.

27 Likes 1 Share

Re: Nigerian Banks And Its Systematic Extortion (share Your Experience) by pelicanbeau(f): 12:43pm On Sep 03, 2018
Bank transfer is 65 naira here and UBA is the worst bank I've ever known when it comes to illegal charges like ATM maintenance I always wonder what they are maintaining when I am in custody of my card, also charges on SMS alerts involving birthday and monthly alerts. Presently i am not using my accounts anylonger except for salary which I always transfer immediately to someone else own account for fear of deduction and still they are charging the account with the 500 naira minimum account balance...I don't even know what to do again.

6 Likes

Re: Nigerian Banks And Its Systematic Extortion (share Your Experience) by Moreoffaith(m): 12:43pm On Sep 03, 2018
Maintaining the card in my wallet??

Even if the card is lost they will charge another 1k for replacement SK what's the maintenance for.

5 Likes

Re: Nigerian Banks And Its Systematic Extortion (share Your Experience) by wellmax(m): 12:43pm On Sep 03, 2018
Interest on savings account N120

Charges for the month N280.50

What are we saving?

32 Likes 1 Share

Re: Nigerian Banks And Its Systematic Extortion (share Your Experience) by savio93(m): 12:44pm On Sep 03, 2018
Indeed the way Banks deduct little monies thinking we don't observe.
It's annoying.

Even if you want to deduct, deduct with sense.

State the reason for the deductions.

And someone on that twitter thread was justifying the actions of the banks.

@segalink has said, this would be the next part he would fight against.
#endbankfraud

4 Likes 1 Share

Re: Nigerian Banks And Its Systematic Extortion (share Your Experience) by Dexpro: 12:44pm On Sep 03, 2018
Modified

GTBank is the worse of them. Buy airtime, them go charge you. Receive funds, e.g 50,000.

Check your balance the next morning, 49,992.74k

Those banks are horribly fraudulent

6 Likes

Re: Nigerian Banks And Its Systematic Extortion (share Your Experience) by obembet(f): 12:44pm On Sep 03, 2018
chigo4u:

Does ATM withrawal aslo take 24 hours and Norway and are there charges for using ATM there or card maintenance fee? Sanusi removed the N65 ATM charges, this new cbn governor came and reintroduced it to please his banking people. rubbish
M

U are right

1 Like

Re: Nigerian Banks And Its Systematic Extortion (share Your Experience) by Hakeem12(m): 12:45pm On Sep 03, 2018
Wema don't charge
Re: Nigerian Banks And Its Systematic Extortion (share Your Experience) by shedy03(m): 12:45pm On Sep 03, 2018
UBA, First bank, etc charge N50 monthly ATM card maintenance fee.
Re: Nigerian Banks And Its Systematic Extortion (share Your Experience) by Krak(m): 12:45pm On Sep 03, 2018
My UBA ATM card that expired three years ago they are still charging maintenance fee monthly. Even the new one I am using will expire by next year, they are also charging maintenace fee on it too.

3 Likes 1 Share

Re: Nigerian Banks And Its Systematic Extortion (share Your Experience) by inforesource: 12:45pm On Sep 03, 2018
UBA has been holding on to my N1000 bal for God knows how many years now. They don't have such right.
Re: Nigerian Banks And Its Systematic Extortion (share Your Experience) by izzy4shizzy(m): 12:45pm On Sep 03, 2018
My bank will send me a birthday text, then deduct the msg fee from my account..

As if na me the wish myself happy birthday

8 Likes

Re: Nigerian Banks And Its Systematic Extortion (share Your Experience) by Nobody: 12:45pm On Sep 03, 2018
If you want to remove it or block them, they remove you. We saw this play out with Sanusi. Emefiele got there and put back the charge. Upon all the left how many billionaires in dollars do we have?

4 Likes 1 Share

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