Close Menu
Chronicle NG
    Trending Stories
    24 BBNaija housemates contest for N160m prize

    24 BBNaija housemates contest for N160m prize

    July 26, 2026
    Army nabs wanted soldier while fleeing to Cameroon

    Army nabs wanted soldier while fleeing to Cameroon

    July 26, 2026
    Burna Boy, Shakira reunite ahead of World Cup final halftime show

    Shakira reveals why she chose Burna Boy for World Cup anthem

    July 26, 2026
    Facebook X (Twitter) Instagram
    Trending
    • 24 BBNaija housemates contest for N160m prize
    • Army nabs wanted soldier while fleeing to Cameroon
    • Shakira reveals why she chose Burna Boy for World Cup anthem
    • Tinubu appoints Olanrewaju-Smart as special adviser on House of Reps matters
    • Neymar scores brace, mocks critics on Santos return
    • Al-Mustapha: Abacha didn’t die during sex, I have CCTV footage
    • Joshua dedicates win over Prenga to friends killed in Ogun crash
    • Syria bus crash death toll rises to 35 after highway collision
    Facebook X (Twitter) Instagram
    Chronicle NGChronicle NG
    Subscribe
    Monday, July 27
    • 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

    24 BBNaija housemates contest for N160m prize

    24 BBNaija housemates contest for N160m prize

    Army nabs wanted soldier while fleeing to Cameroon

    Army nabs wanted soldier while fleeing to Cameroon

    President Bola Tinubu has appointed Wasiu Olanrewaju-Smart as special adviser to the president on matters in the House of Representatives.

    Tinubu appoints Olanrewaju-Smart as special adviser on House of Reps matters

    Hamza Al-Mustapha speaking to journalists while rejecting claims about former military ruler Sani Abacha's death.

    Al-Mustapha: Abacha didn’t die during sex, I have CCTV footage

    Burnt passenger bus and wreckage after a fatal collision on the Damascus-Deir Ezzor highway in Syria that killed 35 people.

    Syria bus crash death toll rises to 35 after highway collision

    Main gate of Confluence University of Science and Technology (CUSTECH), Osara, where two students were expelled and four others rusticated over disciplinary offences.

    Kogi varsity expels two students over ‘homosexuality’, others

    Add A Comment
    Leave A Reply Cancel Reply

    Subscribe to News

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

    24 BBNaija housemates contest for N160m prize

    24 BBNaija housemates contest for N160m prize

    July 26, 2026
    Army nabs wanted soldier while fleeing to Cameroon

    Army nabs wanted soldier while fleeing to Cameroon

    July 26, 2026
    Burna Boy, Shakira reunite ahead of World Cup final halftime show

    Shakira reveals why she chose Burna Boy for World Cup anthem

    July 26, 2026
    President Bola Tinubu has appointed Wasiu Olanrewaju-Smart as special adviser to the president on matters in the House of Representatives.

    Tinubu appoints Olanrewaju-Smart as special adviser on House of Reps matters

    July 26, 2026
    Neymar tests positive for COVID-19, Santos say

    Neymar scores brace, mocks critics on Santos return

    July 26, 2026
    Facebook X (Twitter) Instagram
    • Politics
    • News
    • Sports
    • Business
    • About Us
    © 2026 ChronicleNG

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