With the present economic downturn Nigerians appear to have no room to condone the excesses of commercial banks with regards to exorbitant and/or hidden charges.
As a result, bank customers under the umbrella of Consumer Advocacy Foundation of Nigeria (CAFON) and Coalition of Nigerian Consumer Protection Associations, set aside Tuesday March 1, 2016 (today) to stage a boycott of banking services across the nation.
They enjoined bank customers across the country not to enter banking halls, make transfers, deposits, or use their cards during the “No Banking Day” slated for today.
Sensitization campaigns have been ongoing trough social media as charges are expected to shoot through the roof following CBN’s directive to the banks to deduct the N50 stamp duty collected on behalf of the Nigeria Postal Service (NIPOST).
This boycott, if strictly adhered to, will cost the banks billions of Naira, as bulk of their earnings depend on mobility of funds and volume of transactions that accrue each day.
What do Nigerians think about #NoBankingDay? Are Nigerians even in unison on the idea? From indifference to levity and passionate adherence, Nigerians are voicing their opinions on a burning national issue. Here are some tweets:
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