18 per cent from N20.39bn generated in the corresponding period in 2018.
The earning of some banks in account maintenance charges may have been propelled by large customer base. The merger between Access Bank Plc and Diamond Bank Plc aided 96.15 per cent increase on account maintenance fees of Access Bank, moving from N3.14bn in the first six months of 2018 to N6.16bn in the first six months of 2019.
“The fees are earned and recognised by the bank over the validity year of the card. The bank charged the customers for this service on a monthly basis,” extract from the bank’s audited six months result for the period ended June 30 to the Nigerian Stock Exchange explained.
Yahoo yahoo banking system. 🙄
What is account maintenance charges, it is another way of stealing from the public, the C.B.N. should stop this fraud, other developed countries don't charge account maintenance fee, pls stop reaping off Nigerians.
EFCC did not see this one abi?...... If it was a ...... EFCC would find that person to his mother's pot
Rip off
Hmmmmmmmm
And they are still refusing to confirm contract staff.
Right word should be extorted not generate
So dats y dey want to milk us dry Right?
The charges are too high
Thieves!
Just imagine this, the question remains, what are they maintaining in account?
All this gitibi banking style in Nigeria. Banks making 24.3 billion naira for maintaining money in their custody and yet dispense mutilated notes to customers.
Learn One thing you were NEVER thought in school, MONEY, understand money, Debt, cry till tomorrow tax will kill you, follow Kiyosaki_Knihy and understand
And nothing is being done about this robbery attacks from banks.
😱😱😱
A more proper heading should have been; Four Nigerian banks exploited account holders to the tune of around 2.5b Naira for account maintenance charges. Kikida ole!!!
Account Maintenance Charges are mere frauds. Nothing is done to maintain your account. If anything, they trade with your money & make profits. So charging you for keeping your money with them amounts to double jeopardy.
Ye! Im sweating. 🙄
Hahahahah... welcome to next level. I'm sure this is just a preamble.
Na lie its just more then that. If uno uno 👇
No problem
Corporate crimes in Nigeria is horrendous but is enjoyed freely. ShameNigeria
UBA na em thief pass.
Good time to own a bank, it seems.
May Allah save us in this country
Then when your ATM gets bad even before the expiry date you are charged for a replacement. Yahoo yahoo everywhere. Where's EFCC and ICPC? In fact FBI
I know Access and Gtb will be there
This report is not a lie, I still have a pending dispute with a financial institution, I have reported to cenbank over a month and a half ago waiting for your feedback, regulatory bodies REGULATE stop allowing these banks take advantage of loopholes you DON'T address NigeriaGov
Reap off....
And this is not enough for them... Their new charges policy ehn!
Banks in other climes invest for profits, Nigerian Banks only RIPP off customers on charges. Wake up Nigeria.
Dubious!
Financial Criminality and Rascality with the people's money must stop. Who will STOP the robbery?.
Nigerian banks are daylight corporate robbers.
fraud
I am definitely going to pull all my money from Nigerian banks and bank them abroad where I get monthly dividends . Useless country Nigeria
Nigeria commercial banks, in short all bank in Nigeria are thieves. Illegal deductions from customers account. FuckNigerianbanks
samuche83 Some of these banks have not increased salaries of employees across board in 4 years.
account maintenance and ATM card maintenance are the biggest fraud in the Nigerian banking industry. Banks are raking in billions from it monthly and nobody is saying anything
🚶Ehn someone already said 'Ole ni everybody'...well, I'm sure those in the banking sector have 'defensive English' for why account maintenance charges. Tif with tie in style
EFCC needed over this
Ecobank taking ATM card maintenance fee more than 3times in a month, and I wonder what really is the value added services they are providing
the difference between Freemason and ogboni is the difference between olusegun obasanjo and senator bola tinubu
Our money fa.
See ooo rasaq147 they deduct almost 300naira from my account every month even though I won't feel it but I know how much is missing and they will alert you for 56naira meanwhile they deduct the money multiple times
Awòn òlè òĺòjù kòkòrò
All them are scammers they keep taking money from my account every week.
Zenith and Diamond (Access) banks are no exception.
Eco n UBA d worse
Thieves... God will judge you all.
Now they want more
Thieves
so sad,for our banking industries.
UBAGroup U are standing on this table
Oh no, we’ve been ripped off
White collar crime. 😏
Fidelity bank on this table
Just imagine 51 naira every month
Legit scam.. 😂😆
Total fraud. I detest these banks for this, especially UBA.
That's why I am beginning to think of an alternative to it
Formal Armed robbers
Nigeria BankFraud segalink rubies_ng
That's their allowance from customers every month, I believe where they generate salaries for workers
Banks are thieves
Robbers
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: MobilePunch - 🏆 8. / 63 Read more »
Source: TheNationNews - 🏆 6. / 69 Read more »
Source: LeadershipNGA - 🏆 4. / 77 Read more »
Cross River: One killed, four missing in Bakassi IDPs camp – Daily TrustThe people of Bakassi in Cross River state are again living in fear over renewed kidnapping and killings in the area. One of the coordinators of the Internally Displaced Camps (IDPs) in Bakassi, Mr Asuquo Edet confirmed to journalists on Tuesday that one woman whose name was not disclosed was killed two days ago by …
Source: Daily Trust - 🏆 13. / 51 Read more »
Source: SaharaReporters - 🏆 9. / 63 Read more »
Source: Daily Trust - 🏆 13. / 51 Read more »