Bank customers kick against current account maintenance fee

Bank customers kick against current account maintenance fee

In a communiqué signed by President of the Association, Mr. Uju Ogubunka, and Executive Secretary, Onyema Okoroh, the Association  called on the CBN to, “ Withdraw the Circular  introducing the fee and allow bank customers to enjoy the free COT regime; Avoid legalising illegality of Account Maintenance Fee; Avoid replacing COT with Account Maintenance Fee;  Direct banks that had charged Account Maintenance fees not only to stop such charges but also to refund all the money they had collected from their customers since the introduction of the Guide to Bank Charges in 2004 (16 years); Endeavour to consult stakeholders before the introduction of charges/fees foreign to the subsisting Revised Guide to Bank Charges.”

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