Abuja, Nigeria – Na wetin we go yarn today na the wahala wey the Central Bank of Nigeria (CBN) don expose for the banking sector. E get as CBN take shine light on all those banks and financial institutions wey dey misbehave with their adverts. You sabi say everywhere no dey balance? Na so dem carry come out this new directive wey dem give all the banks. Dem don order say make dem remove any advert wey no follow consumer-protection rules sharp-sharp.
This matter wey dem drop for Thursday, if you check am well, na Olubunmi Ayodele-Oni, the compliance director for CBN, sign am. Dem do review for the industry wey show say plenty banks dey carry fake news and exaggerated benefits dey mislead customers. Wetin dem dey do be say, dem go hide important information and no even dey tell us the risks well. Na wetin sabi, CBN no go gree make this kind thing dey happen again!
CBN don make am very clear say all adverts must dey factual and transparent. This be market; no be bush. Dem don waka come ban all those deceptive claims and any kind big grammar wey fit make other banks look bad. You fit ask yourself, why dem go even carry things like lottery dey entice people? That one na pressure! Na so dem collect money wey dem no fit recover again. Wise up, my padi!
The compliance protocol wey dem redefine no be small matter o. Now, if your bank wan drop any advert, dem go need submit all details to CBN first before dem fit even think of going public. Dem go submit timeline, where dem fit dey drop am, and evidence say their product don clear from CBN before any of those adverts go come out. Omo, this level no be beans! Dem dey clear say this approval no mean say CBN go endorse the advert. Na banks go still dey responsible if anything go wrong.
All the banks dem go now need to drop any advert wey no follow this new standard, and dem get only 30 days to submit compliance attestation signed by the big bosses. This attestation go show say their advert dey meet all regulatory requirements. CBN sabi wetin dem dey do, so dem don plan follow-up review for January 2026. Any institution wey no fit comply go face serious wahala based on the Banks and Other Financial Institutions Act 2020.
In conclusion, my people, CBN don determine to make the financial system dey fair and transparent. Dem wan protect us as consumers, so we gatz ensure say any advert wey we dey see from our banks dey legit. E good as dem don carry una attention back to all these things wey dey happen for our sector. When we de understand wetin de happen, na so we go fit make better financially responsible decisions.
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