Proposed 48-Hour Refund Mandate Set To Reshape Banks’ Response To APP Fraud Cases

Nigeria’s financial sector may soon witness a major shift in its consumer-protection framework as the Central Bank of Nigeria (CBN) has released a new draft policy that could compel banks and regulated financial institutions to compensate victims of Authorised Push Payment (APP) fraud within 48 hours once their investigations are completed. APP fraud occurs when … Continue reading Proposed 48-Hour Refund Mandate Set To Reshape Banks’ Response To APP Fraud Cases