No Banking Day Ineffective In Akwa Ibom

he ‘No Banking’ directive declared on Tuesday to protest against the numerous excessive bank charges on customers was not effective in Akwa Ibom State as the state witnessed normal banking activities.

Uyo, the Akwa Ibom State capital witnessed uninterrupted banking activities, including ATM services.

Everyone who spoke to Channels Television in Uyo said that they were not aware of the no banking directive.

They, however, condemned the excessive charges but advised the advocacy foundation to consider the option of influencing the Central Bank of Nigeria (CBN) to check the banks’ excesses, noting that the ‘No Banking’ option cannot work as people cannot survive without their money.

They were of the opinion that only CBN can effectively protect the customers against exploitation by the banks.

The Consumer Advocacy Foundation of Nigeria and the coalition of Nigerian consumer protection associations had declared today, March 1, 2016 “No Banking Day”.

The two bodies are asking bank customers across the country not to enter banking halls, make transfers, deposits or make use of their cards for any transaction throughout the day.

According to them, the banking boycott is to protest the charges introduced by the Central Bank of Nigeria.

ChannelsTV

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