FREEZING OF BANK ACCOUNTS IN NIGERIA
In the modern digital era, it’s increasingly becoming a norm for innocent people to get caught up in financial fraud investigations — just because suspicious funds were traced to their bank accounts. If you ever get caught up in such a scenario, knowing what to do is important. Below is a guide to assist you […]
New NIBSS Policy Bars Unlicensed Fintechs From Bank Transfer Channels:
The Nigerian Interbank Settlement System (NIBSS) recently released a new policy mandating banks to remove non-deposit taking fintechs from the National Instant Payments (NIP) funds transfer system. This impacts players like switching companies, payment processors and super-agents facilitating transfers through channels like USSD, mobile apps and web. As per the NIBSS circular, allowing such fintechs […]