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Illegal Deductions: CBN Recovers, Refunds N15Bn to Customers

Kindly share this postCentral Bank of Nigeria (CBN) has disclosed that over N15 billion has been recovered and refunded to customers from Deposit Money Banks resulting from failed transactions, illegal deductions among other complaints. Dr Isa Abdulmumin, director, Corporate Communications Department of CBN, also said the apex bank also recovered $22 million from 2012 till […]

Central Bank of Nigeria announces recovery of over N15bln, $22mln from DMBs on illegal deductions

Central Bank of Nigeria (CBN) announces the successful recovery of over N15 billion and $22 million from Deposit Money Banks (DMBs) due to various complaints, including failed transactions and illegal deductions. Dr. Isa Abdulmumin, the Director of Corporate Communications Department, disclosed this during the 'CBN Fair: Promoting Alternative Payment Channels as Tools for Financial Inclusion' |

CBN recovers $22 8m, ₦115 5b banks deducted from customers accounts

After numerous complaints by bank customers, the Central Bank of Nigeria (CBN) has taken action by recovering some amounts deducted from customers bank accounts by Deposit Money Banks (DMBs). | Pulse Nigeria

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