CBN AND NIGERIAN BANKS : WHOSE INTEREST? 2

On money laundry, poor people do not launder money,it is the super rich Nigerians who got money through corruption that launder money. Authorities find it hard to go after them only BDC should be made scape goats.By the way, how much hard currency is available to BDCs and how much is available to Banks in Nigeria?

The BDCs are not helping matters because of some sharp practices in the sector but it is not only BDCs that need sanitizing. Banks need sanitizing too.

There are plethora of sharp practices in the banking sector that need the attention of CBN governor.It is not uncommon to see so many unbelievable charges in your account. Most times you will not get alert for sum debits.

Firstly, I have seen an account maintenance charge in my statement.Goodness! What is account maintenance charge? A customer is the reason why commercial banks exist. So if a customer opens an account, should he be punished? Another spurious charge is SMS alerts for account you have not used for two months.At the end of every month,they will send you unrequested balance to your phone and charge SMS alert fees.They can send same message three times.I know of a bank that charges for lodgement made in a branch other than where you opened the account.There is also a popular bank I know that unless you asked them they won't pay interest no matter how meager on you savings account even if you did not withdraw in a year.Then there are banks that will debit excess C.O.T into you account but to reverse same will take months.How about fund received from abroad into your account that will not be credited for weeks?

to be concluded