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CBN recovers N14.6bn disputed bank deposits for customers

The Deputy Director, Consumer Protection, Central Bank of Nigeria, Hajia Khadijat Kazeem, says the bank’s intervention between May 2010 and this year has led to the refund of N14.6bn deposited by customers at various banks in the country. This, he said, followed complaints lodged by customers about unsatisfactory services they […]

Mobile Banking: BNP Paribas, Orange Open New Retail Services in Africa

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Retail banking firm BNP Paribas Group and World’s leading telecoms operator Orange on Monday said they have partnered to open new retail banking services in Africa with Orange Money. Orange in statement made available to InvestAdvocate said retail banking customers in Africa will henceforth have […]

CBN Goes Tough on Employment in Banking Industry

As part of efforts to prevent the recycling of workers that had been indicted, terminated or dismissed for fraud and other acts of dishonesty within the banking industry, the Central Bank of Nigeria (CBN) has developed a database of employees in the industry. The Deputy Governor, Financial System Stability, CBN, […]