CBN Orders Banks To Refund Failed ATM Transactions Within 48 Hours
The Central Bank of Nigeria (CBN) has directed Deposit Money Banks and other financial institutions to refund customers within 48 hours for failed Automated Teller Machine (ATM) transactions, in a sweeping reform aimed at restoring public confidence in the banking system. The directive is contained in a draft guideline released on Saturday, titled “Exposure of […]
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