₦airaland Forum

giftson102:
There is one banking truth in this country that will shock you. And the banks will never tell you this.

Because it is one of the biggest tools they use to debit people’s accounts without warning.
And Nigerians, out of fear and ignorance, think it is normal.

But this is not normal. It is illegal. And you can sue the bank or report them to CBN.

Let me explain it clearly.

You see that thing that someone will send you money and the bank will automatically deduct or take all of the money for loan repayment?

By law, no bank in Nigeria has the right to debit your account for any loan repayment unless you signed a written debit mandate.

Not “verbal agreement.”
Not “you applied on the app.”
Not “the loan officer said so.”
Not “you clicked accept.”
Not “we assumed you agreed.”

Even if you are owing Billions, there must be a clear, documented, signed mandate giving the bank permission to take money from your account before they can legally do so.

This is a Central Bank of Nigeria consumer-protection rule, and it protects Nigerians from unauthorized deductions, intimidation, and exploitation.

So why do banks get away with illegal debits?

Because most Nigerians don’t know the law. (I don’t know why no musician has produced “Show Me the Law Song” we need such a song because most Nigerans don’t know the law.)

Most people don’t know they even have this right.
Most don’t know debit mandates must be signed physically or digitally with proper documentation.
Most don’t know they can challenge the deduction.
Most don’t know they can demand the signed mandate.
Most don’t know the bank must refund if the mandate doesn’t exist.

So the banks take advantage of the ignorance.

They debit you from another account.
They take money from your salary account.
They clean out your savings.
They go into dormant accounts.
Some even enter joint accounts.
And when you complain, they intimidate you with technical language.

“System flagged your account.”
“Your BVN is linked.”
“It’s part of the loan terms.”
“It was in the app.”

But the law remains:

Without a signed, specific debit authorization, the bank has no legal right to touch your money.

None.

What you can do starting today:
-Ask your bank to show you the signed debit mandate on any loan you owe.

-If they cannot produce it, request an immediate refund.

-If the bank refuses, report them directly to CBN Consumer Protection: cpd@cbn.gov.ng

-Attach your bank statement and complaint.
-CBN usually forces the bank to refund the unauthorized deduction.

Banks fear CBN queries more than anything else.

Know your rights, but most importantly, pay your debts.

Jargons. I don't believe you have any idea of how loan and it's repayments works

Tim1212:
https://tribuneonlineng.com/celibate-gay-men-can-enter-priesthood-italian-bishops/amp/

Fake news. Spread happily by sad Christians. No documents shown. No video just propaganda

G0Oodharddick:
Most rev fathers have wives and children in another country likewise Rev sisters, Catholic Churches knows this too
We are not ready for this discussion

You can continue the discussion in your family house

AmalaAtiEwedu:
PDP wey be pioneers of rigging for Nigeria

So we should continue like this.

What's the title of the movie

Ok

Just some months ago. This same people said Buhari did not approve naira redesign. Now they are saying the approve design was not implemented.

Make this make sense


https://punchng.com/emefiele-implemented-naira-swap-without-buharis-approval-efcc/

https://www.ripplesnigeria.com/fact-check-how-true-is-the-claim-that-ex-president-buhari-did-not-approve-naira-redesign/

This guy's are deliberately chasing shadows and Nigerians are happy being fooled.

Addressing the gathering in Yoruba, Tinubu said, “Don’t even behave as if you remember that name (Funke Akindele).

“It is a big insult, it is an abuse. A fowl wants to enter a house, it is bending down, how tall is it in the first place?”


Jan 2022

Ok

OverCalculating:
Yes, I have a registered company. No other prove of wealth apart from my bank statement. No guarantor.

Thank you for this. How can I get a debt counsellor?

Then you don't have a problem.
Ensure you repay the debt at the most possible. Don't steal and don't go borrowing to repay. If you did not give them your cheque leaf. There's nothing they can do. The cheque is the single document they can use to jail you.


Repay your loan. Defaulting in repayment is the main reason MFBs closes shop.

I work with one and will not want to see a debtor go away with our fund. Call them to restructure to a period you can use in paying. They will agree, if. You are scared of physical harassment. Then just call for restructuring of your loan facility and ensure you follow it.

Sablexxxtoons:
The question is what is contactless payment.

This means your Card can be debited by just placing a device beside it, it can also be by swapping. No authorisation is required.

OldBeer:
All his day ones...
Tinubu really took the mantra of "building people" to heart.

Building the people or working with friends. He built nobody. Just sponsoring his friends

Happy father's day

Acekidc4:
At least he completed Second Niger Bridge............ Praise him for that one............A Beautiful Success.

Na southwest be that

seunmsg:
The ministry of works under the leadership of Fashola has done a great job on the Lagos-Ibadan expressway. The people of the south west are not complaining at all. We are happy with the quality of work done on the road. Whatever that is left will be corrected and completed before the end of next month and that’s cool by us. So, keep your wailing to the east.

Am not surprise. Na 20years dem go take complete that road last last

iammo:
Which major road is he not working on in southwest

And which one is completed

God bless the governor and the good people of Osun State

Rigged result. We have the original result sheet

kingmaster2009:
Obi is a toddler in this game.....

Atiku and Tinubu will teach him. naija politics ....


I thought Obanikoro has decamped to APC....now because APC gave his son free candidate ticket in Eti OsA Local govt....perhaps he still want to Betray Tinubu as he did sometime ago....

There are lots of betrayal around Tinubu ....Obanikoro upon all people...

This man sef... Na 2015 news joor

Sannisege:
To any southerner who votes for Atiku, May your generations continue to be slaves to Fulanis. Amen.

To you tribal bigot. May you be Rob the burnt by the Agberos

9jii:
RIGGING OR NO RIGGING. 2015 NA UTEUKE STRAIGHT.

AND HE WILL ALWAYS BE REMEMBERED AS THE WORST PRESIDENT OF NIGERIA IN HISTORY.

HES YOUNG
HES DOCTORATE air quote
BUT HES SLOW N CLUELESS .

How market. How far with your CLUEFULL

LagbajaTheBEREAN:
I still don't get it, will the interest rates reflect on customer accounts?

It will affect credit mostly and slight increase in savings interest rate

FreeStuffsNG:
This settles it.

Once again, I am not surprised, Anambra is the least of the top 10.

This clean data further show that the major 3 tribes by population are Hausa, Yoruba and Fulani.

From another clean data from biometric linked to GSM numbers, 80% Igbo population live in the 5 Igbo states that make up the South East. That is why Igbo communities in the South East are the least diversified.

20% live outside SE and most live in states bordering the 5 SE states like Rivers, Delta, Kogi, Benue.

Fewer Igbo live in far away places like Lagos, Abuja, Kaduna and Kano. That is why even if elections are conducted iin those far away states ,Igbo can not determine the outcome.

SW and NW are already in the kitty for Asiwaju Tinubu.

HE Atiku can have SE with the least populous zone with the least number of registerd voters as usual
2023 victory is done and dusted for Asiwaju Tinubu.

Once again, politics of lies, bigotry and hate l'ule.
Check my signature for freebies!

Your permutations def get as e be


https://www.nairaland.com/1379706/finally-finally-acn-lagos-confirms

Lagos is 45% igbo of which 3M is believe to be of voting age

Viking07:
They said PDP needs to win at least 20 LGA, so what happens next?

No true. You only need some percentage in 20 LGA I believe. And it's only Boripe LGA that they did not meet that

Viking07:
Only 3 LGA results left to be announced. Abeg who come get the correct scores after 27 results were announced?

Everything is ready

E fi okan bale.

Imode ti de

Imode de

Hoelujohn:
No waste your time. This is the final result

inecelectionresults.ng

Imole de

helinues:
Claimed victory when INEC are yet to make official declaration.

Pdp na learner

Results are already on INEC portal

ukpahu:
pls i need

You no go see

8:0 kilosele.... Na practice match