Nigerian bank customers paid a total of N133.89 billion as electronic money transfer (EMTL) levy to the government between January and August this year. This was revealed in the 2025-2027 Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP), which…
Some bank customers said they still prefer the use of Fintech companies like OPay, PalmPay and others for their electronic transactions in spite of fraud allegations against the companies. Some of the customers, who spoke with journalists in Abuja on…
By Matthew Denis Abuja Findings show that fraud attacks on deposit money banks increased year on year. Athough the actual monetary loss dropped in 2019 as against 2018. Technology mediated transactions such as the use of automated teller machine and…
By Matthew Denis, Abuja What is better described as extortion by banks on customers is gradually becoming a norm in Nigeria’s financial sector. This happening is making the banks richer as an estimated billions of Naira is being deducted or…
