By Wasiu Owolabi
The continuous extortion by Nigerian commercial banks is too much!
Recently, I got information that some corps members’ accounts were automatically dedited with N2000 immediately they received their allowee, without indicating the reason behind the debit alerts. Some other banks do worse.
The bank sent credit alert message that they (corps members) had been credited with N19800, yet their current balance was N17800. Where did the N2000 go? There was even no alert for the debited N2000. Wait, do this people see us as fools?
After that, they sent another debit alert of N1050 for ATM card and maintenance respectively, making N3,050. What are they maintaining? As if the ATM charge is not enough, they still went ahead to deduct N50 for its maintenance. When will this oppression by banks end?
Many of the corps members were angry, and as a result, kept blabbing, but non of then confronted the back to demand the reason.
It happened to a friend of mine too and the next thing I told her was to visit the bank and demand openly why they had to deduct her money without giving any reason. Few hours later, I received a message from her that the bank has returned her money. Oh my God! Why did they deduct the money in the first place?! Were they thinking that everyone would be so daft not to demand an explanation for their actions? I bet, many had lost their hard-earned income to this frivolous, unethical actions perpetrated by these kinds of banks. Another friend of mine said that happened to him (from the same bank) in December when he also received his allowance and he never queried the bank.
Economically, a bank where which I save my money, where my money is being used for investment, where my money is being loaned out to business men, where the only thing I do is to save, withdraw and use other services that bring profits for the bank, should not in there right sense still charge me for transferring fund electronically; shouldn’t in their right sense charge me for withdraw from a different ATM; shouldn’t in their right sense charge me for credit, debit and bank statement alerts; shouldn’t in their right sense charge me for ATM card and its maintaining; shouldn’t in their right sense charge me for anything unreasonable.
Should we be blaming ourselves for patronizing the banks? We are helping them in making profits, yet they are backstabbing us by extorting us. I can categorically say our banks in Nigeria are part of Nigerians’ problem in terms of excessive rate of poverty. They made Nigerians poor!
In addition to this, the banks even deduct VAT of 2.50% of N50 charged for fund transfer. I don’t really know the profit I have made from transferring fund to kith and kin that warranted the charges and an extra 2.50%. How did our nation become so messy as such?!
All these make me wonder what kind of financial policy we have in Nigeria, a policy that impoverishes the masses. Nigeria has now become the state of the capitalist and not the masses. Nigeria has now become a state without humanism. Nigeria has now become a state without virtue.
Who then will drive our nation to Humanism, to virtue?