Court orders banks to freeze 69 accounts over eTranzact fraud
The Federal High Court in Abuja on Monday ordered 12 commercial banks and six fintech platforms to freeze (place on post-no-debit) about…
e-fraud
CBN mandates 48-hour reimbursement for e-fraud victims
The Central Bank of Nigeria has ordered banks and other financial institutions to reimburse victims of Authorised Push Payment fraud within 48…
Binance trained ‘police, EFCC operatives’, blocked 281 accounts over money laundering
Binance stated it confined 281 accounts belonging to Nigerian residents as a result of money laundering concerns in 2022 and extensively partnered…
Nigerian banks lose N9.5bn to e-fraud so far in 2023
Banks in the country have reportedly lost over N9.5 billion so far in 2023, according to the Nigeria Inter-Bank Settlement System. The managing…