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    CIBN received 136 bank customers’ complaints in 2016 – report

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

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    EFCC arrests 20, recovers N17m in FCT vote buying crackdown

    EFCC arrests 20, recovers N17m in FCT vote buying crackdown

    February 23, 2026
    US freezes assets of eight Nigerians over Boko Haram, ISIL links

    US to deport 19 more Nigerians

    February 23, 2026
    Serena Williams last singles match was in the Wimbledon first round last year

    Serena Williams training for tennis comeback

    February 23, 2026
    Simi, Adekunle Gold welcome twins

    Simi reacts as her old tweets attract backlash

    February 23, 2026
    Benue and Niger tragedy: Obi slams Tinubu for failing to visit affected communities

    Peter Obi decries chaos in Anambra over UTME registration

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