CBN urges banks to ensure fraud reduction, enforce 30-minute response rule

By Tony Obiechina, Abuja The Central Bank of Nigeria (CBN) has challenged banks and payment service providers to commit to measurable reductions in electronic fraud.It also urged institutions to respond to suspicious transactions within 30 minutes under the framework of the Nigeria Electronic Fraud Forum (NeFF). Speaking at the 2026 Nigeria Electronic Fraud Forum (NeFF)

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