The House of Representatives has warned commercial banks over illegal bank deductions taken from customers’ accounts. Lawmakers accused the banks of removing money without clear explanations or proper remittances.
Chairman of the Ad-hoc Committee, Rep. Kelechi Nwogu, spoke during a panel session in Abuja on Tuesday. He stressed that the committee must ensure every charge on customers’ accounts is justified and correctly applied. According to him, banks keep withdrawing unexplained fees from civil servants, public workers, and other Nigerians, and this violates financial rules.
Reps Demand CEOs’ Presence and Full Documents
To deepen the investigation, the committee invited the Ministry of Finance, the Accountant General of the Federation, the EFCC, and all commercial banks. However, Nwogu rejected representatives sent by GTBank, Zenith Bank, Access Bank, and others. He insisted that the CEOs must appear in person.
“We speak for Nigerians who elected us,” he said. “Submit the requested documents by Monday. Once you do, we will place you on oath.”
Committee Gives Four-Day Deadline
The lawmakers also issued a four-day ultimatum for banks to present all required documents. Nwogu warned that the House will sanction any bank that fails to meet the Monday deadline. He reaffirmed that the committee intends to uncover why banks make suspicious withdrawals from customers’ accounts.
He added that the panel will keep pushing until it exposes the full scale of illegal bank deductions across the country.
