CBN cracks down on fraud with new rules for transaction monitoring

Commercial banks’ loan to government hits N26trn,says CBN

Business a.m The Central Bank of Nigeria (CBN) has taken new measures to combat the growing threat of fraud in the country’s financial sector, requiring banks to implement automated transaction monitoring systems. The apex bank, in a recent document  titled “Revised Consumer Protection Regulations”, on its website, stipulates that banks must also test the suitability […]