In 2020, one of the mid-level financial institutions in Nigeria, First City Monument Bank (FCMB), witnessed a surge in the number of complaints it received from its customers.
The analysis of a document released by the lender showed that some of the outstanding complaints were from failed bill payments, dispensing errors on other bank terminals, excess charges, amongst others.
Last year, many organisations, including banks, were forced to operate remotely and this made many residents of the country to carry out financial transactions with the use of technology, especially mobile phones.
The use of phones to complete transactions meant that customers would be charged, while the Automated Teller Machines (ATMs) became more active because banks limited their operations at the banking halls.
Vanguard News
Umenzekwe in Ezechukwu Elegy
By Emeka Obasi
When it rains it pours, that is the lot of All Progressives Congress stalwart, Chief Modestus Okechukwu Umenzekwe. Events began on February 26, with the demise of publicist and writer, Chief Uche Ezechukwu, followed by Princess Felicia Umenzekwe ( nee Ezechukwu) on March 2, and Dr. Vitus Ezechukwu on April 2.
It is pretty difficult to handle such situation in today’s Nigeria. Umenzekwe, Onwa of Achina in Aguata, lives in Lagos but will be forced to divide time between Lagos and Anambra State as he runs around preparing for funeral duties. That is the sad truth.
Vanguard News
CBN gets order to freeze 194 accounts in 17 banks
On
The Central Bank of Nigeria, CBN has secured three separate interim orders from a Federal High Court in Abuja to freeze bank accounts linked to 194 business entities and individuals in 17 banks.
This was contained in a post by the apex bank on its website yesterday pursuant to the court order.
The freeze orders were sequel to three exparte applications filed by the apex bank seeking a mandatory order of the court to ask the 17 banks to freeze the account of the business organizations and individual pending the outcome of an ongoing investigation the apex bank had initiated.
The Central Bank of Nigeria, CBN has secured three separate interim orders from a Federal High Court in Abuja to freeze bank accounts linked to 194 business entities and individuals in 17 banks.
This was contained in a post by the apex bank on its website yesterday pursuant to the court order.
The freeze orders were sequel to three exparte applications filed by the apex bank seeking a mandatory order of the court to ask the 17 banks to freeze the account of the business organizations and individual pending the outcome of an ongoing investigation the apex bank had initiated.
In one of the suits against Nuru Abubakar and 24 others, the court granted the request by CBN to freeze the account of the defendants in the banks for 45 days.
CBN freezes 11 bank accounts over suspicious activities today.ng - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from today.ng Daily Mail and Mail on Sunday newspapers.