Senate set end excess bank charges summons cbn others

It seems like you're referring to a news article or a legislative action related to the Nigerian Senate. Here's a breakdown of the key points:

• "Senate sets end to excess bank charges": The Nigerian Senate has passed a bill aimed at putting an end to excessive bank charges in the country.
• "Summons CBN, others": The Senate has summoned the Central Bank of Nigeria (CBN), as well as other relevant stakeholders, to appear before it to explain the excessive bank charges and to provide solutions to the problem.

The bill, which was sponsored by Senator Rafiu Ibrahim, seeks to regulate the charges imposed by banks on customers for various services. The Senate believes that the excessive charges are a burden on the ordinary Nigerian and are not justified.

The CBN and other stakeholders have been summoned to appear before the Senate to explain the reasons behind the excessive charges and to provide solutions to the problem. The Senate is also expected to hear from the banks and other financial institutions on the matter.

It's worth noting that this development is a significant step towards addressing the concerns of Nigerians about the high cost of banking services in the country. The Senate's action is expected to lead to a reduction in the excessive charges imposed by banks and to promote a more customer-friendly banking environment in Nigeria.