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Market Digest Nigeria

Business

Central bank recovers N50bn excess charges from banks

Market Digest Nigeria CBN

The Acting Director of Corporate Communications at the Central Bank of Nigeria (CBN), Mr. Isaac Okorafor, has said the nation’s apex financial institution has recovered over N50 billion from banks in excess charges imposed on customers in the last three years.

Okorafor said this on Wednesday, at the ongoing Abuja International Trade fair.

According to him, the apex bank was committed to ensuring that bank customers are not burdened with excessive charges from their banks.

He also urged the public to report excessive charges they feel their banks had imposed on them.

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