CBN To Fine Banks ₦10,000 If They To Fail Reverse E-transactions Within 24 Hours - Business - Nairaland
Nairaland Forum / Nairaland / General / Business / CBN To Fine Banks ₦10,000 If They To Fail Reverse E-transactions Within 24 Hours (979 Views)
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| CBN To Fine Banks ₦10,000 If They To Fail Reverse E-transactions Within 24 Hours by gistyinka(m): 1:40pm On Sep 17, 2018 |
Nigeria's apex bank Central Bank of Nigeria (CBN) has impose #10,000 fine on all commercial banks that failed to reverse back any failed electronic transactions within 24 hours. The Nigeria's Apex bank, CBN stated this in a “Circular on the regulation on instant inter-bank electronic funds transfer services in Nigeria,” Punch reports. Banks may take sometimes take as long as 5 working days in the current system, but the apex bank has said this is no longer allowed. “The sanctions above and any other prescribed in the Nigeria Bankers’ Clearing System rules or any amendment thereto, shall apply,” the CBN said. http://gyonlineng.com/cbn-imposes-fine-10000-banks-failed-reverse-e-transaction-within-24-hours/
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| Re: CBN To Fine Banks ₦10,000 If They To Fail Reverse E-transactions Within 24 Hours by xbernardx(m): 1:41pm On Sep 17, 2018 |
Nigerian banks are generic thieves, CBN should also give them a pinch of an inch |
| Re: CBN To Fine Banks ₦10,000 If They To Fail Reverse E-transactions Within 24 Hours by whitebeard(m): 1:51pm On Sep 17, 2018 |
Pls no let the 10k be paid into the account of the customer..!! Abeg..! |
| Re: CBN To Fine Banks ₦10,000 If They To Fail Reverse E-transactions Within 24 Hours by CROWNWEALTH019(m): 1:52pm On Sep 17, 2018 |
 still TO FINE  |
| Re: CBN To Fine Banks ₦10,000 If They To Fail Reverse E-transactions Within 24 Hours by aolawale025: 1:55pm On Sep 17, 2018 |
Except a customer complains. CBN cannot know |
| Re: CBN To Fine Banks ₦10,000 If They To Fail Reverse E-transactions Within 24 Hours by youngsahito(m): 1:58pm On Sep 17, 2018 |
what abt bank illegal charges |
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