Home CBN returns over N82m from commercial banks customers in Katsina

CBN returns over N82m from commercial banks customers in Katsina

Share
CBN logo
Share

The Katsina state branch of the Central Bank of Nigeria (CBN), says it facilitated the refund of N82.04 million to customers of commercial banks in the state in 2019, arising from 57 complaints received by the apex bank.

Alhaji Dahiru Usman, Controller in charge of CBN Katsina branch, disclosed this to the News Agency of Nigeria (NAN), on Saturday while reviewing the achievement of the bank in 2019.

Usman explained that most of the complaints centred on Automated Tenant Machine (ATM) dispense errors, wrong transfers, failed transfers, fraud among others.

He said that 49 of those cases were resolved while eight were still pending.

“Overall, the total sum of N82.04 million was refunded to the complainers while N1.40million was lost to cyber crimes and e-fraud cases during the period under review.

“We urge commercial banks to intensify efforts in sensitizing their customers in order to curb the menace of cybercrimes,” the controller said.

Usman said that the sensitisation would help in protecting customers and boost their confidence in the financial system.

Share

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Nigeria’s $1 Trillion Dream and the Great Corporate Exodus

‎‎Nigeria’s economic story is increasingly beginning to resemble a tale of two...

Artificial Intelligence (AI) 

How to get cited by ChatGPT without Google rankings‎

‎• Confiance News has learned that Google indexing alone no longer determines...

Business & Economy

NCC unveils zero-rated access to boost digital education‎

Regulator partners education ministry on data costs‎‎‎• NCC launches Zero-Rated Access initiative...