Momo Payment Service Bank Limited (MPSBL), the FinTech subsidiary of MTN Nigeria Communications Plc, has been enmeshed in a N23 billion scandal following a system exploitation that credited 8,000 accounts belonging to customers. One month after its launch, the FinTech approached the Federal High Court to compel 18 commercial banks to refund the N23 billion, which … Continue reading MTN’s MoMo PSB In N23bn Fraud Scandal One-month After Launch