Close Menu
Chronicle NG
    Trending Stories
    Atiku slams Tinubu as 'Incompetent', others in New Year message

    Atiku slams Tinubu as ‘Incompetent’, others in New Year message

    December 31, 2025
    Banks to deduct 10% withholding tax on foreign currency deposits Jan 1

    Banks to deduct 10% withholding tax on foreign currency deposits Jan 1

    December 31, 2025
    Equatorial Guinea go through as Group E runners-up

    Equatorial Guinea players banned for insulting referee

    December 31, 2025
    Facebook X (Twitter) Instagram
    Trending
    • Atiku slams Tinubu as ‘Incompetent’, others in New Year message
    • Banks to deduct 10% withholding tax on foreign currency deposits Jan 1
    • Equatorial Guinea players banned for insulting referee
    • Labour Party liberated by Obi’s defection to ADC – Abure
    • Mali, Burkina Faso impose reciprocal travel ban on US citizens
    • Wike accuses Fubara of breaking Tinubu-brokered agreement
    • Kiribati’s Christmas Island rings in 2026 first as the world follows
    • Nigeria’s civil service goes fully paperless in landmark digital reform
    Facebook X (Twitter) Instagram
    Chronicle NGChronicle NG
    Subscribe
    Thursday, January 1
    • News
      • Nigeria News
      • World News
      • Headlines News
    • Politics
    • Business
    • Sport
    • Entertainment
    • Contact Us
    Chronicle NG

    CIBN received 136 bank customers’ complaints in 2016 – report

    Chronicle EditorBy Chronicle EditorMay 21, 2017No Comments2 Mins Read
    Facebook Twitter Telegram WhatsApp
    Nigeria’s foreign reserves climb to $41bn, highest since 2021
    CBN headquarters in Abuja
    Facebook Twitter WhatsApp

    CIBN headquarters in Abuja
    CBN headquarters in Abuja
    The Chartered Institute of Bankers of Nigeria (CIBN) says its Ethics and Professionalism Division received 136 petitions with claims that amounted to N27.6 billion from bank customers in 2016.

    The institute made this known in its 2016 Annual Reports and Accounts signed by the Registrar, Mr Seye Awojobi.

    The report was released on Saturday in Lagos.

    It said that 79 cases were fully resolved out of the 136 petitions, translating into a total refund of three billion naira.

    The CIBN said that it also raised N439.58 million as annual development fund and corporate subscription during the year under review.

    The institute noted that the figure was lower than the N443.38 million expected in 2016.

    It said that the payments were received mostly in the first quarter of the year, thereby increasing its portfolio of investible funds.

    The body also noted that the figure represented a balance of N3.8 million representing 0.86 per cent as outstanding at the end of the 2016 financial year.

    CIBN said that regulators and commercial banks paid N400 million, development banks, six million naira; mortgage banks, N1.2 million; and microfinance banks, N2.2 million.

    It added that the institute’s individual membership grew from 118,802 in 2015 to 122,680 in 2016.

    The figure is an increase of 3,893 new members which represented 3.36 per cent into various categories which include honorary fellows and seniors as well as students and ordinary members.

    On corporate members, the institute said it registered additional 16 microfinance banks in 2016, and that they were issued certificates in line with CIBN Act No. 5 of 2007.

    It said that micro-finance banks which it had registered were 363 out of the 979 microfinance banks licensed by the Central Banks of Nigeria.

    Share. Facebook Twitter Telegram WhatsApp

    Keep Reading

    Atiku slams Tinubu as 'Incompetent', others in New Year message

    Atiku slams Tinubu as ‘Incompetent’, others in New Year message

    Banks to deduct 10% withholding tax on foreign currency deposits Jan 1

    Banks to deduct 10% withholding tax on foreign currency deposits Jan 1

    2027 Election: 'Obi welcomed to be Labour Party presidential candidate,' Abure camp discloses

    Labour Party liberated by Obi’s defection to ADC – Abure

    Mali, Burkina Faso impose reciprocal travel ban on US citizens

    Mali, Burkina Faso impose reciprocal travel ban on US citizens

    Fubara embraces peace, buries hatchet with Wike

    Wike accuses Fubara of breaking Tinubu-brokered agreement

    Kiribati’s Christmas Island rings in 2026 first as the world follows

    Kiribati’s Christmas Island rings in 2026 first as the world follows

    Subscribe to News

    Be the first to get the latest news updates from ChronicleNG about world, sports, politics etc

    Atiku slams Tinubu as 'Incompetent', others in New Year message

    Atiku slams Tinubu as ‘Incompetent’, others in New Year message

    December 31, 2025
    Banks to deduct 10% withholding tax on foreign currency deposits Jan 1

    Banks to deduct 10% withholding tax on foreign currency deposits Jan 1

    December 31, 2025
    Equatorial Guinea go through as Group E runners-up

    Equatorial Guinea players banned for insulting referee

    December 31, 2025
    2027 Election: 'Obi welcomed to be Labour Party presidential candidate,' Abure camp discloses

    Labour Party liberated by Obi’s defection to ADC – Abure

    December 31, 2025
    Mali, Burkina Faso impose reciprocal travel ban on US citizens

    Mali, Burkina Faso impose reciprocal travel ban on US citizens

    December 31, 2025
    Facebook X (Twitter) Instagram
    • Politics
    • News
    • Sports
    • Business
    • About Us
    © 2026 ChronicleNG

    Type above and press Enter to search. Press Esc to cancel.