HOW TO LEGALLY RECOVER ERRONEOUSLY TRANSFERRED FUNDS IN NIGERIA

How to legally recover erroneously transferred funds in Nigeria. Erroneous bank transfers, where money is mistakenly sent to the wrong account, are increasingly common in Nigeria due to the widespread use of mobile and online banking platforms. Recovering such funds is not as simple as calling your bank. It involves a defined legal process that […]

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 […]