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Central Bank of Nigeria

Sanctions on Erring Banks, E-payment Service Providers for Infractions of Payments System Rules and Regulation

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Author
Central Bank of Nigeria
Year
2011
Pages
7 pages

The document establishes monetary and non-monetary sanctions for banks, payment system operators, and other electronic payment service providers that breach Central Bank of Nigeria requirements. It addresses ATM operations, transaction switching, bulk payments and ACH, card issuance and fraud, point-of-sale services, regulatory returns, licensing, unauthorized…

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