CBN Orders Banks To Refund Customers For Failed ATM Transactions Within 48 Hours

Informationng | 12-10-2025 09:45am |

The Central Bank of Nigeria (CBN) has issued a directive requiring Deposit Money Banks and other financial institutions to refund customers for failed Automated Teller Machine (ATM) transactions within 48 hours. The move is part of a wide-ranging reform aimed at protecting consumers and rebuilding trust in Nigeria’s banking industry. The new directive was outlined

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