• Excess charge: CPC orders FCMB to refund N1.543bn to Bauchi govt

    Excess charge: CPC orders FCMB to refund N1.543bn to Bauchi govt

    The Consumer Protection Council (CPC) has ordered First City Monument Bank (FCMB) to refund N1, 542,775,841.58 to the Bauchi State Government being the total sum of illegal deductions made from the state government’s loan account with the bank.

     

    CPC’s Order was made after the conclusion of its investigation into a petition from the Bauchi State Government, alleging that it had been short-changed by FCMB with N1, 864,188,594.78 excess interest and other charges on its loan account with the bank.

    The Bauchi State […]