In a show of organized solidarity, last month saw the announcement of a scheduled bank boycott spread via social media channels to Nigerians all over the country for the first of March, 2016. The announcement of the boycott came after the introduction and re-introduction of a number of service charges that saw the people angered on the amount of money they were losing to their own banks.
The protest is actually organized by Consumer Advocacy foundation of Nigeria (CAFON) and Coalition of Nigerian Consumer Protection Association, it is against the Excessive Bank Charges currently in play in the country and it has indeed cut the interest of a number of Nigerians, it is still left to see what reports the end of the day will bring and if the banks will listen to the voice of the people and cut back on some of this charges.
We’re following the trending hashtag #NoBankingDay on twitter and already there are quite a number of tweets ranging from outraged to jokey but despite all this it is easy to tell that the protest is one that is dear to many Nigerians. We’ll view some of the tweets that showcase the seriousness of the issue below.
— Akinseye Sanmi (@sanmiakinseye) March 1, 2016
This tweep chose to educate the few unknowing people on the importance of the protest
— Eniola Opeyemi (@eniola_opeyemi) March 1, 2016
Here is a tweet that focuses on the gross unfairness of it all, where students have the same charges as billionaires
Only Nigerian Banks will pay you interest of N1.80k send you an sms to inform you. then charge you N4.00 for the sms. #NoBankingDay
— Adebayo (@itz_herdeybayor) March 1, 2016
Wow, this one is just enlightening
Banks lend to all sorts of shady oil and gas deals for quick profit, yet their contribution to real sector growth is zero. #NoBankingDay
— Olaudah Equiano® (@Uruokpala) March 1, 2016
This tweep goes beyond the scope of the protest but raises a relevant consideration
#NoBankingDay imagine if gtb takes 50naira everyday from 2 million customers everymonth. That's cyber fraud! Who is the yahoo-yahoo now!
— Adesewa Josh (@AdesewaJosh) March 1, 2016
No kidding though, that’s a lot of money GTBank
The next generation of banks will be one that'll offer free wifi, free alerts, cheaper rates/fees and a whole new customer exp #NoBankingDay
— Yinka Ogunnubi (@yinkanubi) March 1, 2016
And the church says a loud resounding, AMEN!!!
FirstBank Cashier: pls next customer! Me: No thanks i'm here only to drink water not for transaction. Cos #NoBankingDay
— TASIU ALEE (@mr_tasiualee) March 1, 2016
May the jokes now begin to roll in
Seems #NoBankingDay is starting to touch nerves!
It's too little, too late though. The excessive charges have… https://t.co/vJufQfwtfo
— Sola Salako (@purrples) February 20, 2016
Nigeria’s apex bank, the Central Bank of Nigeria has apparently proceeded to reach out, but they’re having too much fun now aren’t they?
And here is a very helpful guide of the things you should and should not do if you’re a Nigerian and take this protest to heart.
We wish Nigerians luck on this their latest undertaking and we’ll be watching to see the effects of this move against financial institutions.