Sudan's central bank has dropped the mic 🎤 on the Bank of Khartoum, ordering immediate refunds of disputed fees deducted from customer accounts since January 29. The country's largest lender now has 48 hours to reverse charges following public outrage over what customers called 'daylight robbery' during an economic crisis.
🔥 The drama unfolded when savings account holders noticed mysterious deductions labeled as Deposit Insurance Fund fees. Central bank investigators found the charges violated regulations, especially for basic savings accounts that should've had premiums covered by the bank itself.
📢 'Transparency is non-negotiable,' declared regulators, mandating clear explanations of all account terms before sign-up. Banks must now: ✅ Disclose profit distributions ✅ Explain insurance deductions ✅ Let customers opt out freely
💡 Pro tip for Sudanese account holders: The Takaful insurance system (Sharia-compliant mutual protection) requires banks to cover 0.2% of savings deposits. Investment accounts work differently – that's where customers share the cost.
🌪️ This showdown comes as Sudan's financial system battles twin storms: skyrocketing inflation and crumbling public trust. With the central bank now auditing all bank contracts, more financial shakeups could be coming.
