Nigerian House Probes Banks Over Arbitrary Charges
The Nigerian House of Representatives is investigating arbitrary charges imposed by commercial banks, expressing concern over the impact on businesses and vulnerable groups. Lawmaker Muktar Shagaya raised the issue, highlighting the exploitation of customers despite existing CBN guidelines.
The House called for a comprehensive list of approved bank charges and sanctions for breaches. The probe aims to address financial inclusivity challenges and restore public trust in the banking system.
Plus234Feed summary based on reporting from Business Day. Read the original report below.
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