Skip to main content

‘400, 000 Nigerians kick against banks’ arbitrary charges’

Image result for nigerian banks
Salako stated this in an interview with the News Agency of Nigeria (NAN) on Tuesday in Lagos. She gave reasons for the “No Banking Day” protest organised by the organisation nationwide. According to the CAFON president, the rate at which bank users are complaining about excessive charges is becoming alarming. “The protest has become expedient due to constant complain by banks’ customers over excessive charges. “Nigerians are known to be very tolerant. They will not complain about anything until it gets to an unbearable level.
When it gets to a crescendo and you go online, you see people posting their complaints over excessive bank charges “It (bank charge) has become more alarming and it is because the customers are complaining to us as an NGO that looks at the right things that we thought it time to urge Nigerians to defend their rights. “It is not every time you get angry to the point of becoming destructive,’’ she said. Salako alleged that the Bankers’ Committee had been fixing charges without recourse to bank users. She said the committee determined “what is profitable to the banks at the detriment of bank users’’. Salako said that the banks further extended their proposal to the Central Bank of Nigeria (CBN) for acceptance. She said that the apex bank, some years ago abolished ATM charges as well as COT charges on current account. Salako said that surprisingly, the CBN had brought back all the charges. “We now pay for using other banks’ ATMs, Annual Debit Card maintenance charges and other charges,’’ she said. Salako said that there were no noticeable interest rates on savings account.


Popular posts from this blog

The Rich Kids of Russia: Instagram mocks the children of oligarchs photographed posing beside luxury golden cars, mansions and private jets

An anonymous Instagram account revealing the lifestyles of the rich children of Russian oligarchs has become an internet sensation. The biography of the anonymous profile says it is dedicated to documenting the lives of the kids from Russia growing up in luxury.  The account specializes in collecting photos of rich Russian kids that they post online themselves, with everything from luxury cars through to selfies with expensive cars, boats or famous people.

$2million raised by Spark Internet Group

Jason Njoku, Bastian Gotter and Mary Remmy-Njoku launched Spark, the Lagos-based Internet Group that invests in Nigerian start-ups, a few months back. (If you missed it, read it HERE). They launched with a $1m investment fund and have just announced that due to huge interest in their company, they have secured another $2million from a pool of 17 international high net individual investors, based on a $10m valuation for the three month old company. It seems that the world now firmly has its eyes on Nigeria for exciting Internet companies to invest in!

Spark companies employ 130 people across the nine launched companies in Lagos, three of which have already secured second-round seed investments totaling an additional $700k from Njoku and Gotter. Continue...

Spark’s goal is to revolutionize Nigeria’s angel investment eco-system, focusing on the country’s Internet startup scene.   In an official press release, Jason Njoku of iROKOtv fame says: “Every Spark company we have invested in alread…


Peter Mbah was born on the 17th, March 1972
He started his primary education in 1978. He attended the Army Children School, Bori Camp, Port Harcourt where he obtained his 1st School Leaving Certificate in 1984. In the same year, he proceeded to Owode High School, Owode Egba, Ogun State and in 1990, he graduated with a Senior Secondary Certificate in Education (SSCE) (O’Levels).
An adventurous Mbah obtained a Certificate in German as Foreign Language from the VolkHoch Schule, Recklinghausen, Germany in 1992. Between 1997 and year 2000, he attended the University of East London, United Kingdom where he graduated as a lawyer (.L.L.B (Hons)) with a Second Class Upper Division. While at the School, Mbah was an outstanding President of the Student Law Society (1998-1999). During his tenure, the association won the Students Union’s prize and certificate of achievement for the “Most Productive Society of the Year”.