CBN to sanction banks, e-payment service providers for infraction

by | January 8, 2018 5:22 pm



The Central Bank of Nigeria (CBN) on Monday threatened to sanction banks, mobile money operators, switches and other payment system service providers for infractions of payment system rules and regulations, effective April 1, 2018. A circular signed by Dipo Fatokun, director, banking and payment systems department, the CBN said it would sanction the operators national…

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