" ITREALMS: Frustration of bank charges: Growing concern for Nigerians - ITREALMS

Sunday, August 31, 2025

Frustration of bank charges: Growing concern for Nigerians - ITREALMS

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As the weekend unfolds, many Nigerians are finding solace in sharing their frustrations about bank charges on social media.
Frustration of bank charges: Growing concern for Nigerians - ITREALMS
Bank users like Oyin are expressing discontent with the recent charges, saying, "I'm tired of these hidden charges! What's going on with our banks?" Chidi chimes in, "I feel you, Oyin. I was charged N500 for a failed transaction. How is that fair?"


The frustration is not limited to social media. Many Nigerians are sharing their personal stories of struggle with bank charges. Mrs. Okoro, a small business owner, finds the charges to be a significant burden, while Mr. Eze, a student, worries about the cumulative effect on his limited funds.


The outcry from Nigerians is clear: they want more transparency in bank charges and better customer service. Many are demanding that banks do more to inform customers about charges and provide clearer explanations for transactions. The question is, will the banks listen?


The Federal Government electronic bank transfer charge in Nigeria has its roots in the country's banking regulations and policies. The Central Bank of Nigeria regulates the banking industry and sets guidelines for bank charges.

Remmy Nweke/DoP

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