Business CBN Orders Banks to Refund Excess CoT Charges -Vanguard

A

abujagirl

Guest
The Central Bank of Nigeria, CBN, has ordered banks to refund Commission on Turnover, CoT, charges above the regulatory maximum to customers.

It also banned banks from imposing account maintenance fees on customers.

The order was given in a circular by the Director, Financial Policy and Regulation department, Mr. Frankline Ahonkhai, to all deposit money banks.

Click here to read more

Source: #Vanguard

#CentralBankofNigeria #CBN

cbn.jpg
 
Back
Top