If your bank had illegally deducted money from your account, relax the Central Bank of Nigeria has got this covered.

The CBN said it has recovered over 65 billion naira from commercial banks in the country for wrongful deductions and charges from customers’ deposits and other transactions in the last six years.

The Acting Director, Corporate Communications, CBN, Isaac Okorafor, stated this on Wednesday on the sidelines of a two-day fair with the theme: ‘Promoting Financial Stability and Economic Development’ for stakeholders in Asaba, Delta State.

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Okorafor explained that the recovery was made between 2012 and now, stressing that the funds have since been returned to customers, who hitherto complained of wrongful charges and deductions by commercial banks.

“We have recovered and returned to customers over 65 billion naira out of complaints by people over acts of treatment on customers, wrong charges, wrong deductions and others since 2012/2013 when we started,” he said.

He stated that the purpose of the fair was to have a face to face interaction with customers in order to understand their challenges and proffer solutions.

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