Reps Probe Banks Over Alleged Illegal Charges     The House of Representatives has resolved to investigate the illegal and excessive charges imposed on account holders by Deposit Money Banks. The House, at the plenary on Wednesday, decried the deductions by commercial banks from its accounts. It therefore resolved...

SEC To Fine Registrars N1m For Illegal Charges   The Securities and Exchange Commission has vowed to slam a fine of N1m on registrars illegal charges imposed on investors. SEC, in its amended draft on the operating framework for the transmission of shares, said it had disallowed...

CBN Recovers N60bn Illegal Charges From Commercial banks The Central Bank of Nigeria has facilitated the refunds of a total of N60 billion by commercial banks to their customers on March 31, 2018 through the intervention of the consumer protection department. CBN director of Payment Systems...