BY ABUBAKAR YUSUF.
I wish to bring to the attention of the Nigeria’s Central Bank CBN and Nigeria Deposit Insurance Commission NDIC to the erratic deductions that heralded my account on Monday , 24th , February , 2025.
While attempting to carry out a transaction on my personal current account of the above no , ranging from transfer and purchase of cards from my Bank account and loading of cards to my well wishers , I discovered that before and after each transaction whether successful or not , the above amount was debited on my account for 14 consecutive times within two hours .
It is not possible for the two regulatory bodies of CBN, NDIC to claim not to be unaware of this crude tactics been introduced by financial institutions in the country.
It is also unfortunate for the regulatory authorities to allow the commercial banks subject millions of customers to such harsh deductions and conditions at this period when taxes of all sorts had become the other of the day in Nigeria.
In the history of the Nigeria’s Banking system and procedures, it has never occurred on staggered deductions been carried out 14 consecutive times without recourse to the prevailing situations.
This ugly experience of mine , I’m sure will be applicable to all accounts holders and capable of sending millions of Nigerians towards abandoning their Bank accounts .
The new policy which I’m sure the regulators are aware will also throw more people from the Banking public in the shortest possible time.
