Revealed! Bank Customers To Now Pay For Failed Direct Debit Transactions

By Samuel Customers will be required to pay either one percent of the amount or N5,000 (whichever is higher) as the penal charge. New reports have shown that bank customers in Nigeria will soon start paying for failed direct debit transactions. According to the Guide to Charges by Banks, other financial and non-financial institutions published…

FG Apologizes and Deletes Tweets about Bank Account Owners Undergoing Compulsory Registration after Nigerians Expressed Outrage 

The Federal Government of Nigeria has apologized to Nigerians on Twitter after people expressed outrage following an announcement made via the platform. The FG had announced that all account holders in financial Institutions are to undergo another compulsory registration exercise different from BVN, baring which there will be consequences (read here). The tweets asked Nigerians…