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Reps Urge Commercial Banks To Halt Excess Charges, Illegal Deduction
Published
2 years agoon
By
Editor
The House of Representatives has urged commercial banks in the country to stop excess charges and Illegal deductions from customers.
The resolution followed the adoption of a motion by Rep. Godwin Offiono (PDP-Cross River) at the plenary in Abuja on Tuesday.
In his motion, he said some banks and financial institutions in Nigeria indulge in the unethical practice of fleecing their customers through excess charges and unauthorised deductions.
He said customers of different commercial banks were groaning over excessive charges on their
accounts, the financial institutions known as Deposit Money Banks (DMBs) had reportedly introduced different deductions.
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This according to him was to increase their income, a development that is uncomfortable with customers;
“Apart from Stamp Duty, bank customers also pay Value Added Tax (VAT) charges applicable on all VATable transactions in their account.”
He said commercial banks were charging outrageous interest on loans, and overdraft at a rate that was higher than the agreed rate in the offer letter.
He said such arbitrary increase were done in the interest rate on loans and overdrafts and increase in the other fees without notifying and getting customer’s consent as stipulated in the Central Bank /Chartered Institute of Bankers of Nigeria (CIBN) guideline.
He expressed concern that such creation of charges not recognised in the Central Bank Guide to Bank charges was a common practice by Commercial Banks.
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He raised concerned about the wrong application of maintenance fees, banks overcharging maintenance fees, the inclusion of transactions exempted from maintenance charge.
Others include: loan liquidation and bank-induced transactions among others.
He said affected customers attempted to lodge complaints to the Bank’s Customer Care but they were treated as beggars without result.
Adopting the motion, the House mandated the Committee on Banking and Currency when constituted to investigate the issue of excess charges and illegal deductions by commercial banks.
The House also mandated the committee on Legislative Compliance when constituted to ensure
implementation.
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News
Ex-gov Ohakim, IGP, Others Win Fundamental Rights Suit
Published
1 hour agoon
July 4, 2025By
Editor
In a judgment certified on 26th June 2025 and obtained by this reporter,
Hon. Justice Binta Mohammed of the High Court of the Federal Capital has dismissed a fundamental rights suit filed by one Lady Chinyere Lilian Amuchinwa on 4th May 2022 against six parties, including a former Governor of Imo State, Chief Ikedi Alaikum; and the Inspector-General of Police.
The judgment was certified on 26th June 2025 and obtained by newsmen
The suit stemmed from Lady Amechinwa’s claims that Dr Ikedi Ohakim and another party instigated the police to detain her at the Force Headquarters in Abuja in July 2021 over what was not stated in the suit.
Her claim is not unconnected with some unsubstantiated allegations she had earlier levelled against Ohakim , and for which the former Governor was exonerated.
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The defendants, had in their replies, said the suit was devoid of cause of action and an abuse of the process of the court, “the suit having been filed after other similar suits were being pursued elsewhere by Lady Amuchinwa against Dr Ohakim.”
They cited the other suits as a fundamental rights suit in Imo High Court Owerri; an appeal at Owerri Division of court of appeal court; and charges filed at Federal High Court, Abuja, all of which the court noted were either dismissed or struck out against Lady Amuchinwa.
Delivering judgment on the suit Justice Mohammed held that: “From the unchallenged and uncontroverted evidence in this suit, it is established that the Applicant/Respondent, has commenced a multiplicity of action involving the same set of fact and the same persons therefore constituting an abuse of the judicial process. Therefore this issue is resolved in favour of the 1st 3rd and 4th Applicant/respondent as well as the 5th Respondents/Applicants.”
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“In conclusion the preliminary objection of the 1st 3rd 4th and 5th Respondents/Applicant succeeded accordingly, the suit filed by the Applicant/Respondent for Enforcement of Fundamental Right on 4/5/22 is hereby dismissed.
“The Applicant has failed to establish a cause of action against the 6th Respondent as nothing remotely connects him to the suit of the Applicant, his name is accordingly struck out from the suit.
“There will be no need to consider and determine the Applicant suit the preliminary objections to the suit having succeeded and the suit dismissed”, the Court ordered.
News
Constitution Amendment: South-East Demands Rotational Presidency, Legislative Seats For Women
Published
1 hour agoon
July 4, 2025By
Editor
The people of the South-East have demanded a constitution that allows for the rotation of the presidency and grants full autonomy to Local Governments in the country.
They requested the South-East Zonal Public Hearing on Review of the 1999 Constitution, organised by the Senate on Friday in Enugu.
Speaking during the exercise, Governor Peter Mbah of Enugu State noted that the concept of a rotational presidency was paramount to the Southeast.
The governor said the state believed that adopting a rotational presidency among the six geopolitical zones, this would provide every region, including the Southeast, a fair chance at the nation’s highest office.
\Mbah, represented by the Secretary to the Enugu State Government, Prof. Chidiebere Onyia, added that the idea would foster a greater sense of belonging and national unity.
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Similarly, the governorship should rotate among senatorial zones, and legislative seats should be allocated among constituencies, ensuring broader representation and participation at all levels of governance.
“To further enhance inclusivity, particularly for women, we propose legislative seats. We advocate for one additional Senate seat per state for women and two additional House of Representatives seats per state.
“As a state, we advocate for three additional assembly seats per state for women.
“This measure will significantly boost gender parity and ensure active participation of women in governance and in decision-making processes,” Mbah said.
The governor also called for the institutionalisation of Local Government Councils as a truly autonomous form of government team.
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According to him, the current practice where state governors meant for local governments and appoint caretaker committees instead of elected representatives and hinder grassroots development.
“We urge the committee to reinforce section1999 constitution to ensure the democratic existence of local governments, allowing them to directly access their funds from the national consolidated account,” Mbah said.
The governor equally called for legislative powers, enhancements, and fiscal reforms that would devolve more powers and resources to the states.
He stressed that the current concentration of power at the centre, a legacy of the military rule, had stifled the growth and development of sub-national entities.
“A true federal system requires that states are autonomous entities with sufficient powers and resources to positively impact the lives of their citizens,” he concluded.
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On his part, Governor Francis Nwifuru of Ebonyi State called for the creation of an additional state in the Southeast to bring them on par with other geopolitical zones of the country.
Nwifuru, represented by the Speaker, Ebonyi State House of Assembly, Mr Moses Odunwa, also called a for women’s inclusiveness and reserved political seats for women.
“If a particular seat has been designated for women, all the parties will feature women candidates to fill in the space,” he said.
The public hearing was attended by government officials, traditional rulers, NGOs, and civil society organisations.
(VANGUARD)
News
Nigerian Guild Of Editors Suspends Editor Over Breach Of Confidentiality
Published
2 hours agoon
July 4, 2025By
Editor
The Nigerian Guild of Editors (NGE) has suspended veteran journalist and editor, Mr. Steve Osuji, from the professional body for a period of one year over what it described as a serious breach of journalistic ethics.
According to a letter dated July 4, 2025, and signed by the Guild’s President, Eze Anaba, and General Secretary, Onuoha Ukeh, the suspension takes immediate effect and stems from Osuji’s violation of an off-the-record agreement during the Guild’s 25th Biennial National Convention held in Enugu on June 27.
The Guild stated that Osuji disclosed confidential information from a presentation made by the Director-General of the State Security Service (SSS), Mr. Adeola Oluwatosin Ajayi—information which had been shared with Guild members under a strict non-disclosure understanding.
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Citing Article 4 of the Code of Ethics for Nigerian Journalists concerning privilege and non-disclosure, the Guild emphasized that its members are bound to uphold confidentiality agreements and protect sources who offer information off the record or in the background.
“During the investigation into your actions, you were given an opportunity to defend yourself. However, instead of acknowledging your mistake, you threatened the Guild with further publications,” the letter read.
While noting that Osuji reserves the right to appeal the decision, the Guild reiterated its commitment to upholding ethical standards in journalism and warned that it would not tolerate any breach of its code.
The disciplinary action was approved by the Standing Committee of the Guild, whose membership includes leading editors from across Nigeria’s geopolitical zones.
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