In Lagos, Nigeria, a wave of public discontent has surged as citizens take to the streets to protest against bank charges. This grassroots movement, fueled by frustration over excessive fees levied by banks, has gained momentum in recent weeks.
Citizens who spoke on camera lamented over the incessant I bank charges. A man who granted an interview said the bank is meant to pay him interest, rather than the debit from him.
The protesters argue that these bank charges, including ATM withdrawal fees, maintenance charges, and transaction fees, disproportionately affect the country’s middle and lower-income populations.
Meanwhile, other Nigerians saw this as a welcome development that would help curb the exorbitant and excessive charges on individual accounts.
Many feel that the financial institutions are profiting at their expense, and they are demanding transparency and fairness in banking practices.