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Complaints: CBN Recovers Over N82m For Commercial Banks Customers In Katsina

Next Edition by Next Edition
February 23, 2020
in Top News
Complaints: CBN Recovers Over N82m For Commercial Banks Customers In Katsina
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The katsina state branch of the Central Bank of Nigeria (CBN), says it facilitated the refund of N82.04 million to customers of commercial banks in the state in 2019, arising from 57 complaints received by it.

The Controller in charge of CBN Katsina branch, Dahiru Usman, disclosed this to the News Agency of Nigeria(NAN), on Saturday while reviewing the achievements of the bank in 2019.

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He explained that most of the complaints centred on Automated Teller Machine (ATM) dispense errors, wrong transfers, failed transfers, fraud among others.

He said that 49 of those cases were resolved while eight were still pending.

READ ALSO: Recovery of Public Property: Panel Recovers N118m from 2 Commercial Banks

“In overall, the total sum of N82.04 million was refunded to the complainers while N1.40million was lost to cyber crimes and e-fraud cases during the period under review.

“We urge commercial banks to intensify efforts in sensitizing their customers in order to curb the menace of cyber crimes,” the controller said.

Usman said that the sensitisation would help in protecting customers and boost their confidence in the financial system.

Tags: $2bn KatsinaAutomated Teller Machine (ATM) dispense errorsCBN RecoverscomplaintsController in charge of CBN Katsina branchDahiru Usmanfailed transfersfraudOver N82m For Commercial Banks Customerswrong transfers
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