Home Unlabelled Consumer Advocacy Foundation of Nigeria Declares March 1st #NoBankingDay

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Consumer Advocacy Foundation of Nigeria (CAFON), a consumer advocacy group in Nigeria declares Tuesday March 1st as #NoBankingDay, in protest of excessive bank charges which include






  • N65 charge on every 3rd withdrawal from other banks.
  • N1000 for Debit card issuance and renewals (which is free in many countries).
  • N100 annual Debit card maintenance fee.
  • N105 charge on every online transfer.
  • Monthly account maintenance charge of N1 per mille.
  • Various deductions from Savings Accounts.
  • A new Stamp Duty charge of N50 on every credit over N1000. And many more...
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