CBN Governor stops all charges on deposits

Godwin Emefiele, CEO Zenith Bank Plc 

The Governor, Central Bank of Nigeria (CBN), Mr Godwin Emefiele, on Thursday directed that all charges on deposits should be stopped with immediate effect.
Emefiele gave this directive at a news briefing to unveil his policy for the apex bank in Abuja.
“We have become aware of the complaints by customers regarding the charges being imposed for cash deposits.
“The complaints have resulted in customers devising various means to avoid the charges through opening of multiplicity of accounts and other behaviours aimed at undermining the objective of the policy.
“Given these outcomes and to better reflect our goal of having more cash under our control, all charges on deposits are hereby stopped with immediate effect,’’ Emefiele said.

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