HOW NIGERIAN BANKS MAKE UP FOR RECESSION.

FEW MONTHS AGO, I MADE A PAYMENT FOR MY SATELLITE TV THROUGH A BANK'S MOBILE APP, THE DECODER WAS NOT ACTIVATED AFTER I WAS DEBITED AND THE TRANSFER FEE (100NGN as it were) WAS DEDUCTED TOO. AFTER SERIES OF VISIT TO THE BANK AND CUSTOMER CARE CENTER OF THE SATELLITE PROVIDER (for weeks), MY MONEY WAS REFUNDED, THE TRANSFER FEE (100NGN) INCLUSIVE.

NOW,
NOT ONLY THAT THE FEE (transfer fee) HAS GONE UP (now at 105NGN), BUT THERE IS NOT REFUND IN MANY CASES OF FAILED OR REVERSED MOBILE BANKING TRANSFER.

IF THERE IS ANYTHING #CBN SHOULD REGULATE, IT WOULD BE TO COMPEL THE BANKS TO REFUND MILLIONS OF NIGERIANS THEIR MOINES BEING STOLEN DAILY BY BANKS AND THEIR ALLIES.