nigerians to shun all banking transactions on March 1

Group task Nigerians to shun all banking transactions on March 1

LAGOS – The Consumer Advocacy Foundation of Nigeria (CAFON) has called on Nigerians from all walks of life to shun all banking transactions on March 1 to protest excessive charges by financial institutions in the country.

Mrs. Sola Salako, President, CAFON, noted that the era of arbitrary charges by the banks was no longer permissible hence the need for Nigerians to join in the protest tagged, “No Banking Day Campaign.’’

“Nigerians had endured excessive charges, inexplicable fees and unfair contracts that only protected the banks, not consumers. Banks debit consumers’ accounts at will for charges we never agreed to or were not aware of. They charge us for everything. We pay to get our statements, introduction letters, debit cards; and now, some banks are charging N210 for the use of deposit and transfer forms in their branches,” Salako explained.[pro_ad_display_adzone id=”70560″]

The “No Banking Day Campaign” coincides with the world’s consumer month, Tuesday, the first day of the month.

“Don’t visit any banking hall, don’t use your ATM cards, don’t log in to any online banking, don’t  transfer any money from your phones, tablets or laptops, don’t make any POS or online payments, don’t issue or present any cheques dated March 1, 2016,’’ Sola urged bank customers.

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