A Bill for an Act to Amend the Banks and other Financial Institutions Act, cap B3 Lfn 2004 to Mandate Banks and other Financial Institutions in Nigeria to State in Writing, All Charges and Fees Accruing to any Transaction in the Bank and for Related Matters
National Assembly (2023)
Working Paper
This Bill seeks to amend the Banks and Other Financial Institutions Act Cap. B3, Laws of the Federation, 2004 to mandate Banks and other Financial Institutions in Nigeria to state in writing all charges and fees accruing to any transaction in the bank and have same given or read to an intending customer before the commencement of the transaction.