The Central Bank of Nigeria, CBN, has ordered banks to collect indemnities from their customers for highly secured online funds transfer amounting to N1million and above for individual customers and N10 million for corporate customers.

However, the apex bank placed an upper limit on the transferable amount at N25 million and N250 million for individual and corporate customers respectively.

The indemnity was meant to put liabilities for any infringements or risk arising from such transfers on the customers.

CBN disclosed this yesterday in a circular titled: “Review of operations of the Nigerian Interbank Settlement System, NIBSS, Instant Payments System and other electronic payment options with similar features.”

https://www.vanguardngr.com/2022/06/cbn-orders-banks-customers-to-pay-indemnity-for-transfers-above-n1m/?fbclid=IwAR2N5JQzBS0dMEnJb3vY9vvecLE8i32cEFCxVLkG-3u1KDp_sI8gAoBMmFs

People will soon realize the masses sweats are the luxuries to the bad leaders of this country!

CBN still want dey collect from Nigerian again
Omo this country don tire guyman...