As in, just manage print an account statement that's when you will see all sorts of charges

Nairaland is on READ ONLY mode. To post comment na WAEC

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NwaNimo1:
Igbo traders under the auspices of the South East Amalgamated Markets Traders Association (SEAMATA) has sent a Save Our Souls (SOS) to the Central Bank of Nigeria (CBN) lamenting of multiple and indiscriminate charges and deductions on customers by commercial banks in the country.

In an open letter addressed to the CBN Governor, Dr Godwin Emefiele, provided to reporters in Enugu on Monday, the traders complained that the financial oppression depositors and account operators were going through have become unbearable.

They said, “We are directed to formally bring to your notice the indiscriminate act of financial oppression which our members and all depositors and operators of bank accounts experience on a daily basis from commercial banks through indiscriminate charges and deductions.”

It said that most of the transactions are the social responsibility of the banks, adding that the banks make deductions and charges for virtually every transaction ranging from deposits to even confirmation of signature.

According to the traders, most of the transactions the banks charge the customers were the social responsibility of the banks, decrying that the banks make deductions and charges for virtually every transaction ranging from deposits to even confirmation of signature.

SEAMATA’s letter which was signed by Chief Gozie Akudolu and Mr Alex Okwudiri, President-General and Secretary respectively, reads in part, “Part of the major responsibilities of the commercial banks, we know, is to accept money deposits from customers and keep safe custody of the same and perform such other transactions for and as directed by the customer through various bank instruments.

“Most of the transactions, we also know, are the social responsibility of the banks. But today, the banks make deductions and charges for virtually every transaction ranging from deposits to even confirmation of signature.

“The cashless economy policy of the CBN has been of immense benefits to our members especially as it curtailed to the barest minimum armed robbery attacks of our members, leading to loss of fortunes and even lives. However, today, nobody carries huge cash again on business trips.

“The commercial banks are turning themselves into becoming “sippers” to bank customers through the indiscriminate charges and deductions especially in online transactions.

“When a customer makes an online transfer of funds, the transferor is charged a certain amount of money deducted from his/her account and the recipient’s account is also charged and deductions made for receiving the money.

“In addition, charges and deductions are also made for SMS, which most of the time were not received. Finally, at intervals, charges and deductions will be made on the same account as the service charges.

“Sir, the banks are pressing our necks real hard and we are financially choking. Our members had individually approached the banks to complain but without success.

“Our only alternative is to bring our plight and indeed, the plight of all bank customers to your knowledge and most humbly and respectfully appeal that you prevail on the banks to please have compassion on the customers and stop forthwith the indiscriminate charges and deductions and if possible, refund all the deductions.

“The association has decided to go through your office for the resolution of this matter instead of besieging the bank offices with protesters which is far from what our nation needs now.”

While commending the CBN boss for good works in the proper management of the nation’s monetary policy and regulation of the operations of the commercial banks in the country, the Igbo traders expressed their strong belief in his ability, strong commitment and will-power in the successful resolution of their complaint.

https://www.sunnewsonline.com/igbo-traders-petition-cbn-on-multiple-charges-deductions-by-banks/

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Not just the traders, everyone is paying for the mistake of 2015.

SlyDev:
Inferiority complex and self victimisation

Its sad they have been brainwashed to believe everyone is against them,even the same system use by the country

SpecialAdviser:
These frivolous charges surely hit Igbo business men more.
The way banks do useless charges these days can be so annoying. Worst of them Access bank.

I dey tel u

Flier:
Its sad they have been brainwashed to believe everyone is against them,even the same system use by the country

Igbo's still use their 1966 civil war mentality in 2021.

They should use the enaira wallet.

Aufbauh:


Not really.
If you're someone that has much transaction frenzy on your account then you'll understand better.

Are you mind the broke and worthless guy.

It's only ignorant person that account always reads red that will say the thrash he's saying.

SlyDev:
Inferiority complex and self victimisation

Gbam!!

SlyDev:


Then don't make it about tribe. Before we know it these people will single out Yoruba bank only and attack them

You are sick in the head. Seriously!!!
This violence you are pushing for online will surely consume you one day.

A group of people complained about the welfare of its members but you lot decided to give it an ethnic coloration.

I taya for you people

The FG charges CBN, CBN charges all banks in Nigeria, irrespective of the bank, banks charges all account holders in Nigeria. Opay pos terminal con add their own charges as well.
Wahala no just dey finish for this country.

Aufbauh:


Not really.
If you're someone that has much transaction frenzy on your account then you'll understand better.

Are you minding that person...because he doesn't do business on a daily basis and make money transactions

Nonpartisan1:
Always going tribal on almost everything.

Yeye people.

How? Where is Tribal here you jealous homo-sapian

Nonpartisan1:
Always going tribal on almost everything.

Yeye people.

an aspect that affects everyone ,and you are here saying tribal.not nice.dude

SlyDev:


Yes, this year alone, all the bank attacked have Yoruba controlling them, just like the first coup, the bank with igbo heads are just spared.

Pls name the Yoruba banks, n when they were attacked, when n where they were attacked, don't come on Nairaland to make frivolous claims.

conductor20000:
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Lateefu go and sleep and prepare for tomorrow's skull mining.

Tell me which bank is a Yoruba bank or just shut the fvck up.

GTB FCMB WEMA UNION BANK

But why are Nigerian banks specifically forcing only meth traders to bear the brunt of multiple Charges and deductions when they are not doing the same to Yoruba, Hausa, Ijaw, Bini, Urhobo traders? This marginalization of meth people should stop ASAP!

Illiterate traders. They rip off their own customers and complain when Banks do same to them. Business is business.

DEROX:
GTB FCMB WEMA UNION BANK

So only Yoruba people have accounts and are shareholders of the mentioned banks? No other tribes? Craze dey your head.

Nonpartisan1:
Always going tribal on almost everything.

Yeye people.

. Hatred and envy will suck away all your blood while you are still alive.

conductor20000:

So only Yoruba people have accounts and are shareholders of the mentioned banks? No other tribes? Craze dey your head.

na you craze dey una head i thought you asked for banks owned by us and i told you

tiger28:
THEN what happened to OTHER Nigeriansare they not affected too why couldnt they just protest as nigerian traders but as usual.........victimazation is the ANTHEM. It has become soooo NATURAL!!!

This is laughable.

DEROX:
na you craze dey una head i thought you asked for banks owned by us and i told you

Yes, I'm still asking you the same thing. You mean only Yoriba have shares (ownership) in GTB, Union Bank, WEMA Bank and FCMB?

Wonderful

tiger28:
THEN what happened to OTHER Nigeriansare they not affected too why couldnt they just protest as nigerian traders but as usual.........victimazation is the ANTHEM. It has become soooo NATURAL!!!

A lot of devilish imps on here.

Why do we have Six Regions in Nigeria? Why not remove the categorisation?
Why do we recognise tribes in Nigeria?
Why do we have socio-cultural groups for almost all the tribes in Nigeria?

Why must most of you be lacking in intelligence and wisdom? Why?

I am not Ibo but I think you need a new brain. It is obvious you don't run many transactions.

SlyDev:
Inferiority complex and self victimisation