CBN Directs Customers On How To Report Their Banks When Displeased

CBN Governor Godwin Emefiele

Bank customers who are displeased with the services of their bank now have a guide on how to report the issue.

The Central Bank of Nigeria released the guide for bank customers and others on how and where they can lodge complaints against financial institutions under its regulatory purview.

The financial institutions include commercial banks, microfinance banks, primary mortgage institutions, and discount houses.

The CBN noted that it had earlier issued a circular directing all banks to expand their existing ATM help desks to handle all types of consumer complaints.

“Therefore, if you have a complaint against your bank, you must first report the complaint at the bank/branch where the issue originated and then allow two weeks (it might be less or more in some cases) for the issues to be resolved,” it said.

The apex bank said the customer has the right to escalate the complaint to the Director, Consumer Protection Department of the CBN after lodging a complaint when the bank fails to acknowledge within three days or issue a tracking number or fails to resolve the complaint within the timelines as stipulated by the Consumer Protection Regulation.

The CBN said, “You can only direct your complaints to CPD upon the failure of your bank/financial institution to resolve your complaint within the timeline stipulated by the Consumer Protection Regulation.

“You can contact the CPD through the following channels: Consumer Protection Department, Garki, Abuja. Your letter of complaint should be addressed to the Director, Consumer Protection Department. You can submit your letter at the CBN Head Office or at any of the CBN branches nationwide.”

See also  See Why Former CBN Governor Sanusi Wants Buhari Sacked


Comments expressed here do not reflect the opinions of Vantage News Nigeria or any employee thereof.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.