Reps move against banks over illegal charges, deductions

The House of Representatives on Tuesday has accused commercial banks of are perpetrating illegality by deducting inexplicable charges from civil servants, public servants and other customers bank accounts without remittances

This was revealed by the House Ad-hoc Committee Chairman, investigating deduction of taxes from civil and public servants earnings and bank charges on customers account on Tuesday.

Speaking at the opening of the investigation ON Tuesday in Abuja, the House Ad-hoc Committee Chairman, Rep. Kelechi Nwogu, accused commercial banks of perpetrating illegality by deducting inexplicable monies from customers without remittances.

Nwogu reiterated the panel’s mandate to ensure that all deductions or charges by banks on accounts of customers must be deducted rightly, fined rightly and used rightly.

According to him, the House panel was not leaving any stone unturned to unravel why the commercial banks engaged in spurious deduction of charges on their customers’ account.

“Commercial banks are perpetrating illegality by deducting inexplicable charges from civil servants, public servants and other customers bank accounts without remittances,” he said.

The Ad-hoc Committee chairman who affirmed their commitment to protecting Nigerians from illegal charges, said the House Committee had extended an invitation to the Ministry of Finance.

He also said that they would partner with the Office of the Accountant General of the federation and the EFCC and commercial banks operating in Nigeria on the investigation.

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