The Central Bank of Nigeria (CBN) has released guidelines on how displeased bank customers can lodge complaints against financial institutions regulated by the apex bank.
While announcing the guidelines, the CBN said it had earlier issued a circular directing all banks to expand their existing ATM help desks to handle all types of consumer complaints.
“If you have a complaint against your bank, you must first report the complaint at the bank/branch where the issue originated and then allow two weeks (it might be less or more in some cases) for the issues to be resolved.”
According to CBN, When the bank fails to resolve the complaints within the timelines as stipulated by the customer protection Regulation, the customer has the right to escalate the complaint to the Director, Consumer Protection Department of the CBN after registering displeasure at the bank.
“You can only direct your complaints to CPD upon the failure of your bank/financial institution to resolve your complaint within the timeline stipulated by the Consumer Protection Regulation.”
“You can contact the CPD through the following channels: Consumer Protection Department, Garki, Abuja. Your letter of complaint should be addressed to the Director, Consumer Protection Department. You can submit your letter at the CBN Head Office or at any of the CBN branches nationwide,” it added.
