Nigerian banks must refund fraud victims within 16 working days under new CBN framework
TechCabal | 02.12.2025 21:41
The Central Bank of Nigeria (CBN) is rolling out a new framework to tackle rising fraud in the banking sector: customers must now report fraudulent transactions within 72 hours, while financial institutions, including banks and fintechs, are bound by a 16-working-day cycle to investigate and issue refunds.
