CBN Instructs Banks, Others To Accept Indemnity For Online Transfer Over N1m

Central Bank Of Nigeria (CBN)has instructed banks and payment service providers to accept indemnity from consumers for highly secure online cash transfers. This was stated in a circular signed by Musa Jimoh, Director, Payments System Management Department, with the reference number PSM/DIR/PUB/CIR/01/006, titled ‘Circular on the review of operations of the NIBSS Instant Payments System … Continue reading CBN Instructs Banks, Others To Accept Indemnity For Online Transfer Over N1m