House of Representatives has, resolved to investigate some commercial banks over alleged illegal and excess charges on public and private accounts.
The House said that the act amounted to outright stealing of customers’ money.
The resolution came on the heels of a motion under matters of urgent public importance moved by Honourable Yususf Adamu Gagdi.
Moving the motion, Honourable Gagdi said that the experiences of individuals, public institutions and corporate customers of banks have been that of mixed feelings as excess and illegal debits on accounts held by customers in the name of bank charges have been very disturbing.
He added that various charges ranging from Automated Teller Machine, ATM, charges, account maintenance fee card maintenance charges SMS notification charges, token maintenance fees to stamp duty fees amongst others have been sources of worries to customers across the country.
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