BY BANYO TEMITAYO
THE Central Bank of Nigeria has so far recovered N89.2 billion illegal charges, which customers have been made to pay by Deposit Money Banks in Nigeria.
The CBN Governor, Godwin Emefiele, who disclosed this, also reiterated that the country’s financial system was sound, resilient and stable, contrary to wild speculations.
Represented by the Acting Director, Corporate Communications Department, CBN, Osita Nwanisobi, Emefiele spoke at a two-day public enlightenment fair, in Calabar, Cross River State.
The N89.2bn was recovered as of June 2021, based on 23,526 complaints received from bank customers, bearing on excess or illegal charges, among others, he noted.
“What we do is that whenever we get these complaints, they are thoroughly investigated. If they are found to be true, the CBN makes sure that these customers are properly refunded and we have so far recovered N89 billion,” he explained.
The CBN boss also debunked insinuations that the apex bank was planning to convert domiciliary accounts to naira, saying such reports were unfounded.
“We want Nigerians to know that we carry out banking examinations and the results show that our banks are in very good condition and our financial system is stable, resilient, safe and sound,” he said.
“This sensitisation is part of ways to engage the people to understand how our polices, programmes and interventions are affecting them and as well as create a veritable platform to discuss and understand their challenges through their responses and feedbacks,” he added.
