Close Menu
MarketForces AfricaMarketForces Africa
    What's Hot

    XRP Hits $1.50 on Confluence of Positive News for Ripple

    August 22, 2026

    ZEC Soars 25% as Grayscale Moves to Launch Zcash ETF

    August 22, 2026

    NVDAB Price Drops Ahead of NVIDIA Q2 Earnings

    August 22, 2026
    Facebook X (Twitter) Instagram
    Trending
    • XRP Hits $1.50 on Confluence of Positive News for Ripple
    • ZEC Soars 25% as Grayscale Moves to Launch Zcash ETF
    • NVDAB Price Drops Ahead of NVIDIA Q2 Earnings
    • Bitcoin Tops $77k as Morgan Stanley Boosts Holdings
    • Crude Oil Prices Decline Amidst Supply Risk Concern
    • Nigeria Discovers Another Fake Agency, Tinubu Suspends Perm Secs
    • Cardano Gains 11% on ETF Inflows, SecondFi Launches Migration Tool
    • Investors Lose N443bn as Stock Market Downturn Enters 9Days
    • Home
    • About Us
    Facebook X (Twitter) Instagram LinkedIn WhatsApp TikTok Telegram
    MarketForces AfricaMarketForces Africa
    Subscribe
    Saturday, August 22
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    MarketForces Africa » MarketForces News » Customers Decry Arbitrary Debits by Some Banks

    Customers Decry Arbitrary Debits by Some Banks

    Ogochukwu NdubuisiBy Ogochukwu NdubuisiAugust 25, 2024 News No Comments3 Mins Read
    Customers Decry Arbitrary Debits by Some Banks
    Share
    Facebook Twitter LinkedIn Pinterest Email Tumblr Reddit Telegram WhatsApp Copy Link

    Customers Decry Arbitrary Debits by Some Banks

    Some customers of various banks have decried the continuous arbitrary debit of their monies by their banks.

    Some of them, who spoke to the News men in Abuja on Sunday, said the move negated the financial inclusion initiative of the Central Bank of Nigeria (CBN).

    Mrs Claudia Albert, a customer with Sterling Bank, said the bank had debited about N6,000 from her account just this month.

    Albert said the development was frustrating, worrisome and discouraging.

    She urged the bank and other banks to refund the debited monies and also desist from the act as it could discourage customers from patronising them.

    ”My bank debited N5,207.50 from my account on Aug.12 and tagged it ‘Sterling Bill Payment Mobile and IBS Bills’.

    ”The bank also withdrew another N752.50 and called it SMS Notification Charge for the month of July.

    ”I can’t even remember all the monies they have been debiting from my account that I will be too busy to go and complain about.

    ”This is so unfair,” she said

    Another customer, Mrs Chioma Ekezie, a customer with Guaranty Trust Bank (GTB) said that her bank had failed to refund her money for some of her unsuccessful transactions.

    She said that although she had visited the bank’s branches to fill form to facilitate the reversal,  her efforts had proved abortive.

    ”I cannot count my monies that are hanging in GTBank. The bank has failed to refund my monies from my failed transactions even when I have gone there tireless times.

    ”Most times, I abandon my official work just to go to the bank to complain to them but the more I try, the more they frustrate me.

    ”I became discouraged and the phone that I was using crashed so I lost the evidence of the money but I believe its there in their system.

    ”This is very bad and it made me to withdraw all my serious savings from the bank,” she said.

    Mr Bernard Isaac, a customer with First Bank Plc, said she had received numerous unauthorised debit alerts from her bank.

    He said that he had also received unnecessary debit alerts for charges from the bank.

    Isaac said the development was unacceptable

    ”Banks should not be robbing Peter to pay Paul.

    ”It is we, the customers that suffer in all these.

    ”I have never received credit alert of money from my bank but what they think of is to debit my own,” he said.

    Another customer with Access Bank appealed to the Central Bank of Nigeria (CBN) to check excesses of banks to their customers with a view to addressing them.

    Bank officials who were contacted to react to the development did not respond to messages sent to their phones neither did they answer calls as at the time of the report. #Customers Decry Arbitrary Debits by Some Banks

    Enugu Govt. Begins Payment of Pension Arrears to 7,100 LG Retirees

    Banks
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Ogochukwu Ndubuisi
    • Website
    • Facebook
    • X (Twitter)
    • LinkedIn

    Ogochukwu Ndubuisi is an editorial content strategist and financial news writer at MarketForces Africa, covering a broad range of topics including Nigeria's equity markets, infrastructure development, energy, government policy, corporate finance, and digital economy.With over 2,400 published articles on MarketForces Africa, Ogochi brings depth and consistency to the publication's daily news coverage.Her reporting spans Nigerian Exchange Group market movements, Lagos State infrastructure projects, and federal government economic policies, oil and gas developments, and emerging sectors shaping Nigeria's economic landscape.She also covers Africa-wide stories, including East African market indices, continental investment trends, and cross-border economic developments.Ogochi works closely with MarketForces Africa's editorial and corporate communications teams to deliver accurate, timely, and well-researched content to the publication's professional readership.Ogochukwu Ndubuisi is based in Lagos, Nigeria.

    Keep Reading

    XRP Hits $1.50 on Confluence of Positive News for Ripple

    ZEC Soars 25% as Grayscale Moves to Launch Zcash ETF

    NVDAB Price Drops Ahead of NVIDIA Q2 Earnings

    Bitcoin Tops $77k as Morgan Stanley Boosts Holdings

    Crude Oil Prices Decline Amidst Supply Risk Concern

    Nigeria Discovers Another Fake Agency, Tinubu Suspends Perm Secs

    Add A Comment

    Comments are closed.

    Editors Picks

    XRP Hits $1.50 on Confluence of Positive News for Ripple

    August 22, 2026

    ZEC Soars 25% as Grayscale Moves to Launch Zcash ETF

    August 22, 2026

    NVDAB Price Drops Ahead of NVIDIA Q2 Earnings

    August 22, 2026

    Bitcoin Tops $77k as Morgan Stanley Boosts Holdings

    August 21, 2026

    Crude Oil Prices Decline Amidst Supply Risk Concern

    August 21, 2026
    Latest Posts

    XRP Hits $1.50 on Confluence of Positive News for Ripple

    August 22, 2026

    ZEC Soars 25% as Grayscale Moves to Launch Zcash ETF

    August 22, 2026

    NVDAB Price Drops Ahead of NVIDIA Q2 Earnings

    August 22, 2026

    Bitcoin Tops $77k as Morgan Stanley Boosts Holdings

    August 21, 2026

    Crude Oil Prices Decline Amidst Supply Risk Concern

    August 21, 2026

    Subscribe to News

    Get the latest sports news from Dmarketforces Africa about finance, business and tech.

    Advertisement
    Facebook X (Twitter) Pinterest Vimeo WhatsApp TikTok Instagram

    News

    • World
    • Politics
    • Economy
    • Business
    • Opinions
    • Fintech
    • Science & Technology

    Company

    • About us
    • Advertising
    • Classified Ads
    • Contact Info
    • Editorial Policy

    Services

    • Subscriptions
    • Research
    • Due Diligence
    • Newsletters
    • Sponsored News
    • Work With Us

    Subscribe to Updates

    Subscribe to updates from MarketForces Africa, an independent financial news service provider.

    © 2026 MarketForces Africa. All rights reserved.
    • Privacy Policy
    • Terms
    • Accessibility

    Type above and press Enter to search. Press Esc to cancel.