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/

Nna mehnnnnnnnnnnnnnnnnnnnnnnnnnnnn

Innovation in looting.....

[img]https://c./Mb8IYbWJyJoAAAAd/baboon-money.gif[/img]

Inferiority complex and self victimisation

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.

Always going tribal on almost everything.

Yeye people.

SlyDev:
Inferiority complex and self victimisation

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

[s]

Nonpartisan1:
Always going tribal on almost everything.

Yeye people.

SlyDev:
Inferiority complex and self victimisation

[/s]
I wonder whether these terrorists just sit down all day and wait for anything bearing Igbo, Southeast or Biafra to drop so you can expunge all the hatred eating you up inside.

"One Nigeria" Unity beggars are worse than Boko Haram. Love your neighbor. No! Let him to go to his own country. No! You lots will die of Igbo hatred. Without even reading any part of the thread, you have rushed to drop your leprosy-induced comments.


Tufiakwa.

Is really sickening...2 charges per transfer?? Vat and one other charge like that! It's so annoying

Nonpartisan1:
Always going tribal on almost everything.

Yeye people.

As if you have seen money.
Just ordinary 6k withdrawal, you were there at the bank threatening to break their window with your head.

Same you that will spend 15mins shouting change change at bus conductor. Till you receive your #300 naira. But for online see you

conductor20000:
[s][/s]
I wonder whether these terrorists just sit down and wait for anything bearing Igbo, Southeast or Biafra to drop so you can expunge all the hatred eating you up inside.

Unity beggars are worse than Boko Haram. Love your neighbor. No! Let him to go to his own country. No! You lots will die of Igbo hatred. Without even reading any part of the thread, you have rushed to drop your leprosy-induced comments.


Tufiakwa.

Go do bus conductor in upper iweka

Thread saboteurs only read headlines.
This people have their alarms set to igbo

Stupid motherfuckers

Aufbauh:


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

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

[s]

SlyDev:


Go do bus conductor in upper iweka

[/s]
At least I don't kidnap human head in Ogun state and resell at the ritual skull mining market in Obomoso

What I hate the most is the federal government stealing from us via stamp duty.

SlyDev:


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

Which bank is owned by Yoruba? Is there any bank in the world that is called Yoruba bank or owned by Yoruba? Tribalism and rituals don chop your head finish.

conductor20000:
[s][/s]
At least I don't kidnap human head in Ogun state and resell at the ritual skull mining market in Obomoso

I don't speak Kongo jungle noise sorry

inadequacy complexes and yourself harassment

conductor20000:

Which bank is owned by Yoruba? Is there any bank in the world that is called Yoruba bank or owned by Yoruba? Tribalism and rituals don chop your head finish.

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.

[s]

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.

[/s]
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.

Aufbauh:


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

slyDev don't know what is bank account because he has none.

Don't waste your time on him.

Very selfish people. I thought the CBN Governor was the best thing after kpomo. Everything Igbo Igbo Igbo in a diverse country.

alanto:
Very selfish people. I thought the CBN Governor was the best thing after kpomo. Everything Igbo Igbo Igbo in a diverse country.

Dont you see (SEAMATA) there, an acronym for South East market association.. the voice for multiple debits is on the rise, they added theirs.. form a union and add yours or comment on it individually if it affects you..

Why do Nigerians always conform to lower standard of living while ridiculing anyone that speaks up. You are not born to be poor.

Aufbauh:


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

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!!!

They would blame everyone except themselves

Change the tribe to Meyati Allah and see how will unfortunate beings from that side react

alanto:
Very selfish people. I thought the CBN Governor was the best thing after kpomo. Everything Igbo Igbo Igbo in a diverse country.

what would they have said? They tendered their complaint as a group, would they have said Nigeria? When they are obviously representing a group, your comments is laced with intolerant and hatred over nothing.

If you run a business you will definitely understand the plight of these trader's..

Those making tribal comments only receive monthly allowance and data subscription, so obviously they don't understand.

Nwanimo1 use the name of the union not just Igbo

Small businesses will barely survive here in Nigeria because of the government unfavourable policies.


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