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The Consumer Advocacy Foundation of Nigeria and the coalition of Nigerian consumer protection associations have 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.
They are also protesting against the fact that depositors are said to be exposed to many hidden and arbitrary charges.
This is coming weeks after the Central Bank of Nigeria imposed 50 naira on customers as compulsory stamp duty on deposits of 1,000 naira and above.
The regulator explains that the charge is collected on behalf of NIPOST and the federal government and it goes to the federation account.
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