Monday, 17 September 2018

CBN: Banks To Pay N10,000 Fine For Each Failed Transaction Not Reversed Within 24 Hours | Sahara Reporters

The Central Bank of Nigeria (CBN) has directed banks to pay N10,000 for each failed transaction based on customers’ complaints not reversed within 24 hours.
This was contained in a circular by the apex bank, which also noted that the same fine shall apply for issues relating to the Nigeria Interbank Settlement System Instant Payment (NIP)

Source; SAHARA REPORTER

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