Today, Tuesday, March 1, 2016 has been declared “No Banking Day” by bank customers and the hashtag, #NoBankingDay is trending on Twitter.
The protest, organised by Consumer Advocacy Foundation of Nigeria (CAFON) and Coalition of Nigerian Consumer Protection Association, is against Excessive Bank Charges.
The Central Bank of Nigeria (CBN) had directed all commercial banks to charge customers N50 on deposits from N1, 000 and above, as part of Nigeria’s stamp duties law on financial transactions.
There are other silent charges administered by Nigerian banks, users also say.
Today, bank users plan to boycott banks and banking services on all platforms.
See what Nigerians are saying:
FirstBank Cashier: pls next customer! Me: No thanks i’m here only to drink water not for transaction. Cos
Stamp Duty might sound like a good idea but in d end its not equitable and akin to robbing the poor of their meager resources
For UBA at Alagbole Akute road customers no hear
#NoBankingDay ooo, but its scanty sha ooo #NoBankingDay nah Akara go sell for this place
Why can’t I call my Bank on a Toll free number?
#NoBankingDay. Please don’t play politics with it. Let’s boycott these our financial institutions duducting our money without our consent.
#NoBankingDay started since last week. No be who get money dey go bank? #wakapass lolz
Gtb charged 199 as exchange rate on Fri and Sat. Now they claim it’s system anomaly …now using 299 for the same transaction
Per transaction, we lose up to N80 after all add-ons have been deducted. Of what use is keeping money when I’d be exploited?!
You pay for ATM card, they charge for its maintenance and they charge for using ATM machine, its a fraud