TheCitizen - It's all about you
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials
No Result
View All Result
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials
No Result
View All Result
TheCitizen - It's all about you
No Result
View All Result

Federal lawmakers probe banks charges

The Citizen by The Citizen
February 27 2020
in Business
A A
0
Federal lawmakers probe banks charges

The House of Representatives Committee on Banking and Currency has been mandated to liaise with professional financial consultants to investigate alleged excess and illegal charges on the accounts of lawmakers and other public institutions.

The resolution of the House was sequel to the passage of a motion of urgent importance by Rep. Yusuf Adamu Gagdi, with the title, “Need to Investigate Excess and Illegal Charges on the Accounts of Public Institutions and Persons.”

Gagdi, while moving the motion, said the House was aware that while the banking industry is supposed to be a catalyst for economic growth and wealth creation, lack of transparency in the industry has made investment by local and foreign investors very unattractive due to the illegal dealings and meddling with depositors’ accounts by Nigerian banks.

“While we may choose to color or dress the language used to qualify the action of these banks by merely referring to it as excess charges, the reality remains that it is an outright stealing of customers’ deposits by banks and every hand must be on deck by any affected customer including the House of Representatives to seek redress in one way or the other.

“The House of Representatives being a public institution and one of the three Arms of Government accountable for the use of tax payers’ money, prudence demands that the House commence an investigation of the activities of its accounts held in various banks to determine the extent of excess and illegal charges, if any, by its bankers with a view to recover same in the interest of the House,” Gagdi said.

When the Speaker of the House, Rep Femi Gbajabiamila, called for a voice vote on the motion, members adopted it without dissent.

The House subsequently directed its Committee on Banking and Currency to investigate and determine the extent of excess charges on members of the House of Representatives, other public institutions and individual accounts held in various banks, to determine the extent of excess charges, if any, in the last eight years.

The Committee was given four weeks to report back to the House for further legislative actions

Previous Post

Ikpeazu emerges Vice-Chair of PDP Governors’ Forum

Next Post

Kano Council of Ulama disagree with Ganduje on street begging ban

Related Posts

CBN warns against rejection of standard N100 notes
Business

CBN warns against rejection of standard N100 notes

July 8 2026
FG probes Meta, X, others over alleged unfair practices
Business

FG probes Meta, X, others over alleged unfair practices

July 6 2026
PufferPay CEO, Emmanuel Ovaga, to keynote Business Journal Fintech & Financial Inclusion Roundtable 2026
Business

PufferPay CEO, Emmanuel Ovaga, to keynote Business Journal Fintech & Financial Inclusion Roundtable 2026

July 6 2026
WorldStage Business Forum Q2 2026: Prof Baale makes case for building world-class Nigerian corporate culture
Business

WorldStage Business Forum Q2 2026: Prof Baale makes case for building world-class Nigerian corporate culture

July 6 2026
Dangote Refinery slashes petrol, diesel prices again
Business

Dangote beats US, ships N757bn jet fuel to Europe

July 6 2026
Dangote Refinery slashes petrol, diesel prices again
Business

Dangote, importers battle as petrol holds above N1,000

July 3 2026
Next Post
Kano Council of Ulama disagree with Ganduje on street begging ban

Kano Council of Ulama disagree with Ganduje on street begging ban

Reps reject six-year single term for president, governors

Reps support bill for establishment of South-West Development Commission

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

FROM THE GRASSROOTS

Sokoto LG chairman quits APC, resigns from office

Sokoto LG chairman quits APC, resigns from office

by The Editor
July 8 2026
0

...

Bauchi Electoral Commission fixes August 17 for LG election

Bauchi Electoral Commission fixes August 17 for LG election

by The Editor
June 19 2026
0

...

Court grants indigenous status to Hausas born in Jos North

Court grants indigenous status to Hausas born in Jos North

by The Editor
June 11 2026
0

...

42-year-old Sheikh Dasuki emerges Chief Imam of Ilorin

42-year-old Sheikh Dasuki emerges Chief Imam of Ilorin

by The Editor
June 11 2026
0

...

APPOINTMENTS

Tony Elumelu to step down as UBA chair, bank names successor

Tony Elumelu to step down as UBA chair, bank names successor

by The Editor
July 6 2026
0

...

Sahara Group appoints Folake Soetan as Arahas MD to drive oilfield services transformation across Africa

Sahara Group appoints Folake Soetan as Arahas MD to drive oilfield services transformation across Africa

by The Editor
July 3 2026
0

...

Tinubu appoints new NUC chairman

Tinubu appoints new NUC chairman

by The Editor
June 23 2026
0

...

UK Prime Minister picks ex-army officer Dan Jarvis as new defence ministe

UK Prime Minister picks ex-army officer Dan Jarvis as new defence ministe

by The Editor
June 11 2026
0

...

ODDITIES

My mother trained me selling akara, bananas – Tinubu’s aide backs First Lady’s remarks

My mother trained me selling akara, bananas – Tinubu’s aide backs First Lady’s remarks

by The Editor
June 28 2026
0

Of bandits and their informants/sponsors

Police, military, others lost 282 rifles to gunmen – Report

by The Editor
June 27 2026
0

Lagos jails 13 for illegal waste disposal

Lagos jails 13 for illegal waste disposal

by The Editor
June 23 2026
0

GLOBAL NEWS

US readies more Iran strikes after ditching ceasefire

US readies more Iran strikes after ditching ceasefire

by The Editor
July 8 2026
0

...

China test fires missile into Pacific, alarms regional powers

China test fires missile into Pacific, alarms regional powers

by The Editor
July 6 2026
0

...

Nigeria to receive 270 more returnees from South Africa Wednesday

Nigeria to receive 270 more returnees from South Africa Wednesday

by The Editor
July 6 2026
0

...

US Supreme Court rejects ban on birthright citizenship

US Supreme Court rejects ban on birthright citizenship

by The Editor
July 1 2026
0

...

Venezuela earthquakes leave 920 dead, 50,000 missing

Venezuela earthquakes leave 920 dead, 50,000 missing

by The Editor
June 27 2026
0

...

State of the States

Gov. Nwifuru hails establishment of new Army Depot in Ebonyi

Gov. Nwifuru hails establishment of new Army Depot in Ebonyi

by The Editor
July 8 2026
0

...

Imo Police comb forests with drones, rescue kidnapped victim

Imo Police comb forests with drones, rescue kidnapped victim

by The Editor
June 28 2026
0

...

Sokoto mourns as three soldiers, two policemen die in IED explosion, ambush

Sokoto mourns as three soldiers, two policemen die in IED explosion, ambush

by The Editor
June 23 2026
0

...

Katsina extends automatic jobs scheme to first-class graduates

Katsina extends automatic jobs scheme to first-class graduates

by The Editor
June 22 2026
0

...

Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
France, Morocco rematch as World Cup quarterfinals get under way

France, Morocco rematch as World Cup quarterfinals get under way

July 8 2026
US readies more Iran strikes after ditching ceasefire

US readies more Iran strikes after ditching ceasefire

July 8 2026
Senate rejects motion to investigate phantom agency N1.3bn budget allocation

Senate rejects motion to investigate phantom agency N1.3bn budget allocation

July 8 2026
Gov. Nwifuru hails establishment of new Army Depot in Ebonyi

Gov. Nwifuru hails establishment of new Army Depot in Ebonyi

July 8 2026

EDITORIAL REVIEW

Nigeria’s costly blackouts – Punch

Nigeria’s costly blackouts – Punch

by The Editor
July 8 2026
0

Herders’ violence: Enough excuses, implement ranching – Punch

Herders’ violence: Enough excuses, implement ranching – Punch

by The Editor
July 7 2026
0

US accuses Nigeria Police, Army of colluding with Fulani militias to launch attacks

What next after US terror financiers list? – Punch

by The Editor
July 6 2026
0

IMF warns Nigeria as Tinubu plans to borrow $5 billion from UAE lender

Nigeria is bleeding – Punch

by The Editor
June 26 2026
0

Tinubu appoints NECO, NBTE chairmen, names poly rector, renews library DG tenure

Single 6-year tenure, dangerous idea – Punch

by The Editor
June 23 2026
0

Opinion

Remi Tinubu under fire over akara, roasted corn remarks

Beyond ‘akara’ leadership

by The Editor
July 6 2026
0

...

Trump’s U-turn on Iran war ends Israel’s Middle East dream

Trump’s U-turn on Iran war ends Israel’s Middle East dream

by The Editor
June 17 2026
0

...

Terrorists kidnap Army Major General, wife in Katsina

Slain General: When the protectors need protection

by The Editor
June 17 2026
0

...

Bandits attack mosque, kill 1, abduct 9 in Kaduna

When terrorism becomes the talk of town

by The Editor
June 9 2026
0

...

Plugin Install : Popular Post Widget need JNews - View Counter to be installed
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials

© 2026 TheCitizen Ng. All Rights Reserved.

No Result
View All Result
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials

© 2026 TheCitizen Ng. All Rights Reserved.