₦airaland Forum

Zocalite:
Is he working for apc tinubu?

I want to know the angle of your commiseration

buttlover:
how w many virgins in heaven?

LagosOrigin:
Good

Let everybody remain in Nigeria and let develop our country .

Infact, the United states should impose a total ban on Nigerians so that those tinubu supporters that supported him blindly with hope of traveling to the United States for greener pasture remain here and have a taste of his bad leadership.

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.


Dey play... Have you heard of GSI

HeatSeeker:
Interesting...

Someone needs to sue them as a deterrent.

Apcshit:
Hailing the pilot for what ?
Useless country with useless military

brain54:
When you look like a baby buffalo on a buffet...


Which man would accept such shots?🤷

EyeCumInPeace:
Oya let's see...

LIKE for ADC, SHARE for APC

NaijaRoyalty:
Lobatan

Make I go bank first withdraw money stock my house with foods that will take me for 3 months incase the situation goes south .

We warned Nigerians in 2023 that voting tinubu Muslim Muslim APC ticket will spell doom for this country but they didn't take that advice serious. Now, look where we've found ourselves .


Nlfpm.od come and see something serious o

givedemwotowoto:
These people are poised to destroy Tinubu’s government

Dogalmighty17:
The only person this tariff policy benefits is Dangote. And it is not surprising that his friend, someone who would not have gotten to where he is without protectionist policies of the state as well, is speaking out in support.

Stephen0mozzy:
Hehe.... Na where really dey pain person e dey carry face fire.

Country at the verge of "crisis", this one dey blow flute and dance to tariff music.

omoredia:
This Hilda Baci wor wor oo. No be small. But if she cook and kmack then she is still manageable

shox:
at least bandits won’t march him out into the bush at night.

Peace over tinubu

Thundafireseun:
One governor is building houses to compensate people for their services and sufferings

Another Governor is destroying the one’s people built with their sweat and suffering

Tope2024:
God won't allow it happen

SeeWahala:
Helinues, run come see something ooo

That lack of fuel scarcity and ques wey you dey use make point for your Tilumbu's good governance is about to be cancelled

Wetin you go come use dey make mouth for us here if e eventually turn out to be true? 🤔

just2endowed:
They like hearing all these stuff. It's better than no food on the table. Chai

victorazyvictor:
Nigeria’s foreign exchange (FX) reserves rose to $41 billion on August 19 – the highest....

How does it positively affect bag of garri in the market?

PlasmaTV:
We really really really pray that this project sees the light of day.

It's embarrassing that we don't have potable water in 2025. APC is a cancer.

TruthHurts1:
Na fetish renaming be dis one😂

wizelink:
This one is a true definition of hunger in Nigeria.

Jorussia:
I told people close to me in the political circle,few weeks after PBAT was sworn in as president that if he refuse to go after Buhari cabal,he is going to regret it.It didn't make any sense for PBAT to spare buharis men when he knew PMB and his inner circle nv supported him to be president.

The president should simply ignore Lauretta and others who doesn't have any electoral value.I tell people it's the president that can only cause his defeat in 2027.PBAT should redouble his efforts on the economy and he will be re elected in 2027.