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Home Finance

Aggrieved customers demand N575bn claims from banks – CIBN

Business 360 by Business 360
May 22, 2023
in Finance
0
‘Abuja, a graveyard of buried national dreams’- Global Affairs Analyst, Collins Nweke.

No fewer than 2,281 displeased bank customers have lodged complaints to the ethics and governance directorate of the Chartered Institute of Bankers of Nigeria and claimed N377.6bn and $428.7m ((N197.2bn using current exchange rate) respectively since the inception of the directorate till the end of 2022.

This brings the total amount of claims paid to N574.9bn. The CIBN disclosed this in its 2022 report during its annual general meeting in Lagos on Saturday. It noted in the 2022 financial period that 2,241 cases were resolved while N34.12bn and $19.48m were awarded on claims resolved from the inception of the sub-committee

On the analysis of petitions/cases handled from inception since the year 2002, it noted that “The number of cases received is 2,281; the number of cases resolved, 2,241; total amount claimed on all cases received from inception, N377.6bn and $428.7m; total amount awarded on cases, N34.12bn and $19.48m.”

On bank’s customers’ complaints in 2022, it said, “In the year under review, the ethics and professionalism directorate received a total of 25 petitions/cases with claims amounting to about N8.7bn only. “Meanwhile, a total of 35 cases, composed of 30 previous and five new ones, were fully resolved with the amount of N3.5bn refunded to petitioners.

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