House of Representatives Calls on CEOs of Access, Zenith, and GTBank Regarding Unauthorized Account Deductions

Investigation into Bank Practices: The House of Representatives has summoned the CEOs of GTBank, Zenith Bank, and Access Bank to address allegations of unauthorized deductions from customers' accounts, particularly affecting civil servants and public employees.

Commitment to Accountability: The committee, led by Kelechi Nwogu, insists on the personal appearance of bank CEOs to ensure transparency and accountability, emphasizing that any non-compliance could result in sanctions.

Deadline for Compliance: The banks have been given a four-day ultimatum to submit necessary documents, with the next meeting scheduled for Wednesday, highlighting the urgency of the investigation.

Impact on Customers and Banks: This investigation aims to clarify the legality of the deductions for customers while pressuring banks to demonstrate compliance and rebuild trust to avoid penalties.