Bankers committee to release a new guideline for bank charges

Members of the Bankers Committee have announced plans to release a new guideline for bank charges in the country. Addressing journalists after the Bankers Committee … Continue reading Bankers committee to release a new guideline for bank charges


Members of the Bankers Committee have announced plans to release a new guideline for bank charges in the country.

Addressing journalists after the Bankers Committee meeting in Abuja on Tuesday, the Deputy Director in charge of Banking Supervision at the Central Bank of Nigeria (CBN), Mr Markus Zakariya said that the initiative will help address issues of arbitrary charges currently experienced by some customers.

He also noted that the charges will enable the customers to know what charges will be deducted for services offered by respective banks.

Other members of the committee spoke on the need to ensure that the rights of consumers are protected and also bore their minds on the universal banking model as initiated by the apex bank.