Close Menu
Chronicle NG
    Trending Stories
    Tinubu departs Abuja for first state visit to Turkey

    Tinubu departs Abuja for first state visit to Turkey

    January 26, 2026
    Protesters ask Tinubu to sack Wike for ‘disrespecting APC leaders’

    Protesters ask Tinubu to sack Wike for ‘disrespecting APC leaders’

    January 25, 2026
    Manchester United stun Arsenal 3-2 with Cunha's late screamer

    Manchester United stun Arsenal 3-2 with Cunha’s late screamer

    January 25, 2026
    Facebook X (Twitter) Instagram
    Trending
    • Tinubu departs Abuja for first state visit to Turkey
    • Protesters ask Tinubu to sack Wike for ‘disrespecting APC leaders’
    • Manchester United stun Arsenal 3-2 with Cunha’s late screamer
    • Aston Villa beat Newcastle as Buendia, Watkins end St James’ Park drought
    • Barcelona thrash Real Oviedo 3-0 to maintain La Liga lead
    • Leicester sack Marti Cifuentes, appoint Andy King as interim coach
    • Estavao inspires Chelsea to 3-1 victory over Crystal Palace
    • Rivers court adjourns Fubara impeachment suits indefinitely
    Facebook X (Twitter) Instagram
    Chronicle NGChronicle NG
    Subscribe
    Monday, January 26
    • 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

    Tinubu departs Abuja for first state visit to Turkey

    Tinubu departs Abuja for first state visit to Turkey

    Protesters ask Tinubu to sack Wike for ‘disrespecting APC leaders’

    Protesters ask Tinubu to sack Wike for ‘disrespecting APC leaders’

    Rivers court adjourns Fubara impeachment suits indefinitely

    Rivers court adjourns Fubara impeachment suits indefinitely

    Troops kill terrorist commander, others in Borno

    Troops kill six terrorists, rescue victim in Zamfara

    The Lagos State Internal Revenue Service has declared that it will use third-party agents to collect unpaid taxes from defaulting taxpayers, including banks, employers, debtors, tenants, and business partners.

    Lagos will recover unpaid taxes through banks, employers – LIRS

    Tinubu meets Kano gov Yusuf amid APC defection talks

    Kano commissioner resigns, says gov has derailed

    Subscribe to News

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

    Tinubu departs Abuja for first state visit to Turkey

    Tinubu departs Abuja for first state visit to Turkey

    January 26, 2026
    Protesters ask Tinubu to sack Wike for ‘disrespecting APC leaders’

    Protesters ask Tinubu to sack Wike for ‘disrespecting APC leaders’

    January 25, 2026
    Manchester United stun Arsenal 3-2 with Cunha's late screamer

    Manchester United stun Arsenal 3-2 with Cunha’s late screamer

    January 25, 2026
    Aston Villa beat Newcastle as Buendia, Watkins end St James’ Park drought

    Aston Villa beat Newcastle as Buendia, Watkins end St James’ Park drought

    January 25, 2026
    Barcelona narrowly defeated Real Madrid in a five-goal clash to claim consecutive Spanish Super Cup titles in Jeddah, Saudi Arabia.

    Barcelona thrash Real Oviedo 3-0 to maintain La Liga lead

    January 25, 2026
    Facebook X (Twitter) Instagram
    • Politics
    • News
    • Sports
    • Business
    • About Us
    © 2026 ChronicleNG

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