>>> Recognitions

  • The very first recognition of the Association is its incorporation in 2005 by the Corporate Affairs Commission (CAC) as a legal entity.
  • Another recognition is from the Central Bank of Nigeria (CBN) who, in 2011 included the Association in its “database of organised consumer groups with a view to working closely with you when our consumer enlightenment and consultation programmes are roled out”. The CBN was also quick to emphasize that the existence of the Association has come “at the right time in view of the commitment of the Federal Government and Management of the CBN towards ensuring that the rights of Nigerian Consumers of Banking Services are protected”.
  • The apex government instituted consumer organisation in Nigeria, Consumer Protection Council (CPC), has equally recognised the Association. In response to the Association’s notification of its legal existence and intentions to collaborate, the Council also appreciated the interest of the Association to support and collaborate with it.
  • Perhaps, the most important recognition of the Association may be appreciated from the calibre and national spread of its membership. The Association is blessed with highnetworth individuals-professionals, business leaders, captains of industries and market men and women across the Federation. There are also a sizeable number of corporate entities in its membership nation-wide.
Our Contributions
  This youthful Association has made some contributions in the banking industry in particular and the large economy in general. Some of the contributions include:  
  • Robust input to the CBN’s Exposure Draft on the new Draft Guide to Bank Charges.
  • Recommendation to the House Committee on Banking and Currency that Customers of Banks, who are being served by professional bankers produced by the Chartered Institute of Bankers of Nigeria, should be represented in the Governing Council of the Institute.
  • Recommendations to the Central Bank of Nigeria under the leadership of Prof. Chukuma .C. Soludo to ensure that no customer of banks lost money as a result of the policy-induced consolidation of banks in Nigeria, 2004 – 2006.
  • Intervention and settlement of disagreements between some of its members and the financial services providers.
  • Active participation of its members in World Consumer Day Programmes hosted by the Consumer Protection Council, Nigeria.