Tag: Consumer Day

  • Consumer Day: Bank charges too many

    Consumer Day: Bank charges too many

    Though the theme of this year’s World Consumer Rights Day (WCRD) was Antibiotic Resistance with hashtag #AntibioticsOfftheMenu, in Nigeria it was about how to protect bank customers against spurious charges, ADEDEJI ADEMIGBUJI reports.

    After the March 1 #NoBankingDay protest, the consumer movement community has again urged banks to reverse excessive and multiple charges on customers’ account.

    Stakeholders, who spoke at a Consumer Day Symposium three days ago, organised by Brand Journalists Association of Nigeria (BJAN) to mark the World Consumer Rights Day, took a detour from the World Consumer Rights Day (WCRD) theme: Antibiotic Resistance with hashtag #AntibioticsOfftheMenu, to address one of the worst bank customers’ experiences.

    The forum raised concerns over cost automated teller machine (ATM) withdrawals, debit card issuance and renewals fee of N1000, ATM management charges of N100 yearly, new Stamp Duty charge of N50 on every credit of over N1000, online transfer charges, reintroduction of cost of transaction (CoT) under a new guise of Monthly Account Maintenance Charge of N1/mille.

    They also frowned at other levies by default the yoke of which were considered too heavy  on the frail necks of the customers without the chance to negotiate. Stakeholders are of the opinion that if these trend continues, it will erode the gains recorded by previous banking reforms,  discourage the informal sector from keeping their money with banks and weaken the banking sector on the long-run.

    The Chairman of TPT, a public relations agency, Mr. Tokunbo Modupe, who was the key speaker at the symposium said both corporate and individual banking customers are worried by the current trends of multiple and excessive charges.

    He said while last year alone, CBN investigated over 6,000 complaints from banks’ customers and compelled the banks ‘to refund over N6.2 billion to affected customers’, adding that the apex bank however failed to state the total cash claimed by customers, whether or not the affected customers were satisfied or not with the cash refunded and whether the culprit banks were sanctioned.

    He said such information would have assisted in appreciating the convergence or divergence of what was claimed and what was refunded, the feelings of the claimant customers about the final outcome of their complaints, and CBN’s ‘resolve’ to continuously enforce the provisions of the Revised Guide to Bank Charges.

    “Of course, there have been many complaints by customers of banks about unauthorised and illegal charges. Fleecing of customers has become the rule rather than the exception. The excesses come under different descriptions such as management fees, processing fees, interest charges, CoT, card maintenance fees, account maintenance fees, deposit, withdrawal and transfer, SMS alert fees, and ATM fees.

    Even the newly introduced stamp duty charge has become another coduit through which they fleece customers through overcharging. In one transaction, some banks send more than two SMS alerts and charge for each.

    The banks, for reasons such as greed, moral and professional bankruptcy, have often chosen to be the proverbial dogs eating the meat kept in their care. This has of necessity built distrust in the banks or the banking industry. This has adverse implications for CBN’s programme of financial inclusion as well as the volume of money outside the banking system and effectiveness of monetary policy, he said.

    Also, the President of CAFON, Mrs. Sola Salako, who rallied consumer advocacy groups penultimate week for a NoBankingDay protest, said banking customers should expect more shocks as CBN is a about to release banking charges for the next three years.

    She said from the draft copy published on CBN website, the annual card maintenance fee has now been reintroduced as monthly fee.

    “I plead to Nigerians to take time out to study the draft and starta conversation about it. This is the time for all of us to stand up against these,” she said.

    However, the President, Bank Customers Association of Nigeria, Dr. Uju Ogubunka, said banks should not be blamed for excessive and multiple charges. While saying he is opposed to spurious, he said customers should be blamed because they don’t take their time to read the guides to banking. “The problem is with customers. Most people don’t know there is a guide to bank charges but they all know when they are overcharged. Most customers don’t know their brand manager,” he said.

    Modupe said both the CBN and the Consumer Protection Council (CPC) have failed to protect the banking public. “The government agency set up for the protection of consumers seems not to be interested in the plight of the bank customers. Should we then call on the EFCC (Economic and Financial Crimes Commission)to spare us some time from chasing politicians and help investigate and prosecute officials of banks on this obvious financial infraction? Or should we go to church like we usually do, to pray to God to save us from the evils of Nigerian banks?”

  • Consumer Day: Experts, others score CPC high on regulation

    Consumer Day: Experts, others score CPC high on regulation

    The world marked the Consumer Day on March 15, a day set aside to address issues arising from anti-consumer activities by product and service providers. Moved by former American President John F. Kennedy in 1962, the day has drawn emotions across the world against unscrupulous market forces. ADEDEJI ADEMIGBUJI reports.

    As different countries mark the 54th Consumer Day, last Wednesday, there are varied opinions as to how consumers have fared in different countries across the globe.

    In Nigeria, the fight to secure and protect consumer rights has started to gain impetus since the ascendancy of Mrs. Dupe Atoki to the headship of the agancy incharge of consumer protection- the Consumer Protection Council (CPC).

    Nigeria, like many other third world and emerging economies, is faced with gross violation of consumer rights from banks, telcos and manufacturers of consumer goods and providers of services, among others. With a weak framework, low awareness, hitherto, most consumers blame their plight on inability of the Consumer Protection Council (CPC) to fully protect them.

    The CPC was created in 1992 to protect, foster the rights of consumers and safeguard them against exploitation by big businesses and the market but the low awareness among consumers on where to get redress seem to have made them prone to further blows.

    However, a consumer behaviour researcher at the Ahmadu Bello University, James Annoli, said the problem with consumers in Nigeria is lack of awareness of their basic rights. “A man will go to the market to buy frozen fish and he’s served a spoilt smelly one, he grumbles and goes home in defeat. He has forgotten that there are ways to seek redress, he does not know that there’s an institution that can protect him against the injustice perpetrated by the frozen fish distributor,’’ he said.

    Also, a consumer, Mohammed Saidu, said while many consumers suffer in silence, many of them are not aware of existence of CPC empowered to address infringements. He said most consumers pay for un-rendered services in the power, telecom, banking sectors among others; yet do not know the means to pursue justice.

    Odiri Asagba said that she had to pay for power fee despite black outs. She said this is taking toll on her business. She complained she doesn’t know where to lodge complaint about charges for unsupplied power. She said, “I have not had power supply for weeks, and the annoying fact is that I’m made to pay huge bills for darkness. I run my smaller generating set in the night because of the terrible heat. Now, getting fuel for my generating set and my car is another hurdle.”

    Meanwhile, the new Director –General of CPC, Mrs. Dupe Atoki said there are an ongoing efforts to create access and increase awareness among consumers.

    Acknowledging some gaps that have hindered efficiency, she said there is internal restructuring to reposition the agency in order to meet demand of consumers whose rights have been infringed upon.

    Internally, she has repositioned the organization for efficiency and has also created a robust intervention mechanism which interfaces efficiency with the market to protect consumers. She successfully approached and secured funding from the Ford Foundation to set up an in-house audio-visual studio, trained staff on script writing, shooting, presentation, editing and all other aspects of television production,” said a consumer rights activist, Bisi Oladunjoye.

    Mrs Atoki said the agency  has commenced a 30-minute weekly television programme, ‘’Consumer Voice’, which is wholly produced internally and transmitted every Thursday on NTA International.  She said the agency has also repackaged and recommenced another 30-minute weekly phone-in programme, Consumer Speaks, transmitted on the network of Radio Nigeria.

    “The Council’s website which had been moribund before now has been revamped to become more informative and responsive to consumer needs. More remarkable she has launched “Check the BB date” campaign – using consumer enlightenment campaign to make it compelling for consumers to check the BB Date before making purchases,” said Mrs Atoki.

    In an effort to deepen awareness on where consumers can get redress against Telcos, she said CPC has also introduced Compendium of Telecom Consumer Rights, where they could demand quality service and optimal satisfaction from service providers, in addition to engaging the media constantly on the activities of the Council.

    However, she cited NBC and Coca-Cola Nigeria Ltd case product defect and breach of safety standards as one of the success story that should make consumers take CPC more serious.

    “In the process, she made far reaching recommendations for system change and standard compliance. Under her watch, the Council has been commended for the prosecution of both companies and their CEOs for flouting Council’s orders. These companies were forced to reaffirm their commitment to product quality and consumer satisfaction and settled case out of court. Her interventions have forced many a company to embark on self-regulation by all players in the sector, which has brought about cleaner bottles and less complaints about half-filled cans and foreign particles in drinks,” said an industry player who pleaded anonymity.

    While some industry observers urged CPC to be more proactive, visible and accessible to consumers by having toll- free lines for consumers to lodge their complaints, the agency is urged to embark on aggressive consumer awareness campaign in order to sensitize the consumers on the need to seek redress at the appropriate channels. “There is no way the achievement of CPC can come to the fore if the consumers are still being exploited by the market,” said Oloko Silver, a consumer right activist.

  • Journalists hold seminar on Consumer Day

    To commemorate the World Consumer Right Day, Brand Journalists’ Association of Nigeria (BJAN) is today joining rest of the world to mark this year’s Consumer Day titled: “Healthy diet”.

    The association developed its theme to underscore  the “implication of unhealthy diet to national development”.

    Holding at the White House Hotels, Ikeja GRA, the association is using the event to also honour individuals, who contributed to the nation’s marketing communication industry and consumer empowerment last year.

    The Director-General, Standards Organisation of Nigeria (SON), Dr. Joseph Odumodu will deliver the keynote address.

    Those who will discuss the paper include Director-General, NAFDAC, Dr. Paul Orhii; Director-General Consumer Protection Council, Mrs. Dupe Atoki; Publisher, BusinessDay Newspaper, Mr. Frank Aigbogun; Managing Executive UAC Restaurants, Mr. Mark Hedderwick and CEO, Purples Consult/President, Consumer Advocacy Foundation of Nigeria (CAFON), Mrs. Sola Salako.

    According to the association Chairman, Mr. Goddie Ofose, the decision to join the rest of the world in celebrating consumers is to deepen discussions on issues affecting consumers with particular focus on the plight of consumers in Nigeria.

    Those to be honoured include President, Nigerian Guild of Editors, Mr. Femi Adesina (Media); President, Experiential Marketers Association of Nigeria, Mr Kayode Olagesin (Brand Activation); MD, Noah’s Ark Advertising, Mr Lanre Adisa, (Advertising) and MD, XLR8 Limited, Mr Callistus Okoruwa, (Public Relations/Communications) among others.

    Others are Director-General, Consumer Protection Council, Mrs Dupe Atoki (Regulator); President, Media Independent Practitioners Association of Nigeria, Mr Tolu Ogunkoya (Media Independent);

    Commercial Director, Proma-sidor Limited, Mr. Kachi Onubogu, (Corporate) and Chairman, Marketing and Media.

  • Journalists hold seminar on Consumer Day

    Journalists hold seminar on Consumer Day

    TO commemorate the World Consumer Right Day, Brand Journalists’ Association of Nigeria (BJAN) has concluded plans to join the rest of the world to mark this year’s Consumer Day titled: “Healthy diet”.

    However, the association has developed its theme and adapted it to the local industry. It is “implication of unhealthy diet to national development”.

    The event, scheduled for March 13, at White House Hotels, Ikeja GRA  will be used to honour individuals, who have contributed to the nation’s marketing communication industry and consumer empowerment last year.

    The Director-General, Standards Organisation of Nigeria (SON), Dr. Joseph Odumodu will deliver the keynote address. Those who will discuss the paper include Director-General, NAFDAC, Dr. Paul Orhii; Director-General Consumer Protection Council, Mrs. Dupe Atoki; Publisher, BusinessDay Newspaper, Mr. Frank Aigbogun; Managing Executive UAC Restaurants, Mr. Mark Hedderwick and CEO, Purples Consult/President, Consumer Advocacy Foundation of Nigeria (CAFON), Mrs. Sola Salako.

    According to the association Chairman, Mr. Goddie Ofose, the decision to join the rest of the world in celebrating consumers is to deepen discussions on issues affecting consumers with particular focus on the plight of consumers in Nigeria.

    Those to be honoured include President, Nigerian Guild of Editors, Mr. Femi Adesina (Media); President, Experiential Marketers Association of Nigeria, Mr Kayode Olagesin (Brand Activation); MD, Noah’s Ark Advertising, Mr Lanre Adisa, (Advertising) and MD, XLR8 Limited, Mr Callistus Okoruwa, (Public Relations/Communications) among others.

    Others are Director-General, Consumer Protection Council, Mrs Dupe Atoki (Regulator); President, Media Independent Practitioners Association of Nigeria, Mr Tolu Ogunkoya (Media Independent);

    Commercial Director, Proma-sidor Limited, Mr. Kachi Onubogu, (Corporate) and Chairman, Marketing and Media.