SENATE MOVES AGAINST ILLICIT, EXCESSIVE BANK CHARGES, SUMMONS CBN GOVERNOR
Senate Thursday resolved to probe the alleged illicit and excessive charges by the commercial banks imposed on their customers. The upper chamber also mandated committees on banking, Insurance and other Financial Institutions and Finance to summon the Governor of the Central Bank, Godwin Emefiele to appear before it for explanation. It affirmed that Emefiele would explain why the official charges as approved by the CBN are skewed in favour of the banking institutions as against the ordinary customers of the…