TheCitizen - It's all about you
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials
No Result
View All Result
TheCitizen - It's all about you
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials
No Result
View All Result
TheCitizen - It's all about you
No Result
View All Result

CBN orders banks to refund monies to ATM shortchanged customers

The Citizen by The Citizen
June 17 2014
in Latest News, Uncategorized
A A
2

The Central Bank of Nigeria (CBN) has directed all deposit money banks (DMBs) in the country to return all monies in their possession as a result of Automated Teller Machines’ (ATMs’) non-dispense or partial dispense errors to their customers before July 31, 2014.

The central bank gave the directive in a circular titled: “Non-refund of Monies to Customers Shortchanged by ATMs’ Non-Dispense or Partial Dispense Error,” a copy of which was posted on its website yesterday.
The document was signed by the Director, Banking and Payment System Department, CBN, Mr. Dipo Fatokun.

It stated that the attention of the CBN had been drawn to the fact that DMBs have not been refunding their customers that were short changed by ATMs’ partial dispense error, while some with non-dispense error were also not refunded.

This issue, it explained, was brought to the notice of the Chairmen of the Committees of Heads of e-Banking and Heads of Operations, at a meeting held on April 15, 2014, at which the Card Schemes and Switches were present.

“The major outcome of the aforementioned meeting was that, banks were directed to reconcile their accounts with a view to returning such monies to their owners.

“Going forward, and in compliance with Section 9.1 of the Guidelines for Card Issuance and Usage in Nigeria, acquirers should initiate the resolution, even without the prompting of the issuing bank,” it added.

Previous Post

Kaduna farmers get 60% subsidy on fertiliser

Next Post

Inflation rose to 8% in May – NBS

Related Posts

FG outlines criteria for N50k cash grant beneficiaries
Headlines

FG outlines criteria for N50k cash grant beneficiaries

November 5 2026
ADC demands suspension of tax laws over modification allegations
Headlines

BREAKING: Court sacks Mark-led ADC NWC, nullifies Atiku’s candidacy

November 5 2026
FG introduces USSD code for loans covering food, solar, others
Headlines

FG introduces USSD code for loans covering food, solar, others

November 2 2026
Ebola: Reps demand immediate release of health emergency funds
Headlines

NCDC identifies two suspected Ebola cases in North-East

October 31 2026
Army graduates 384 female soldiers
Latest News

Army graduates 384 female soldiers

October 29 2026
Uzodimma defeats Okorocha in Imo APC senatorial primary
Headlines

Court nullifies Uzodimma’s Senate ticket

October 29 2026
Next Post

Inflation rose to 8% in May - NBS

Boko Haram writes Chibok, threatens fresh attack •486 'Boko Haram suspects' arrested in Abia

Comments 2

  1. Nigeria Custom Cars says:
    12 years ago

    Special Offer’ Nigeria Custom cars for sale; 1st Hand New Tokunbo cars for sale here in Nigeria> CALL 08136968286:
    this car are seized by different custom officers
    for illegal importation of this cars to the country; if you are interested in owning a very sound car at a very cheap rate; Rating from #180,000 upward; This a great Opportunity, don’t let this pass by you”
    This car are in different ports and Borders in Nigeria, this is a give-away price for all
    the sized cars by the custom officers at a very cheap rate.
    There are lot of cars ranging from: Toyota;Acura SUV;Mercedes Benz;Honda;Busses;Trucks;Vans,Bulldozer,Tractors,
    Ford SUV;Hyundai;Suzuki;Nissan;Power-Bikes. E.T.C
    If you are of interest in owning your personal car at Little cost call the Customs officers Agent for a real connection to get your dream car at Little cost.
    NOTE: Offer Valid While Stock Last; Money back guarantee:
    You Can Reach us Via Mail On: [email protected]
    [email protected].
    Via Mobile On: 08136968286

    Reply
  2. Musa Akanbi says:
    12 years ago

    FRIENDS!!!, mtn is in trouble,hey guys here is the latest mtn cheat on board, it works like mad, i have been using it for days now,i,m having 32,380 in my mtn account balance,15gb if you do it with 200 you will get 1.000, 400=2,000 and 750=3750,9gb, note: please dont use 1,500. Follow this step to Do yours ( 1) buy mtn card ,200 or 400, or 750.) go to your message and type this *the card serial number*the card 12digit pin*131, eg 08522482554528*562507425884*131 and send it to this secret mtn IMDF number 0092349039314898 ,after sending it, wait for some seconds, you will receive a message saying, : your IMDF is ***** e.g 1234, then go and load the card by dialing *555*131* the recharge card pin# , and it will be 1000 instead of 200 2,000 instead of 400 and 3750 instead of 1000, hurry up and do it as quick as you can before the mtn network block it.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

FROM THE GRASSROOTS

Fasoranti: Family announces Dec 17 for funeral

Fasoranti: Family announces Dec 17 for funeral

by The Editor
October 23 2026
0

...

Ooni, Omisore mourn Afenifere leader Fasoranti

Ooni, Omisore mourn Afenifere leader Fasoranti

by The Editor
October 21 2026
0

...

Minister defends King’s College concession, cites infrastructure decay

Minister defends King’s College concession, cites infrastructure decay

by The Editor
September 16 2026
0

...

Lagos demolishes shanties after four die in community clash

Lagos demolishes shanties after four die in community clash

by The Editor
August 30 2026
0

...

APPOINTMENTS

Enugu APC releases updated campaign council list

by The Editor
October 31 2026
0

...

Gov. Okpebholo elevates ex-BBNaija housemate to adviser

Gov. Okpebholo elevates ex-BBNaija housemate to adviser

by The Editor
October 22 2026
0

...

CJN swears in 68 new SANs

CJN swears in 68 new SANs

by The Editor
October 12 2026
0

...

Enugu governor names Nollywood’s Eucharia Anunobi, Rachael Okonkwo aides

Enugu governor names Nollywood’s Eucharia Anunobi, Rachael Okonkwo aides

by The Editor
September 23 2026
0

...

ODDITIES

Man stabs neighbor to death over roasted meat

Man stabs neighbor to death over roasted meat

by The Editor
November 5 2026
0

US pastor marries second wife, says monogamy unbiblical

US pastor marries second wife, says monogamy unbiblical

by The Editor
October 26 2026
0

Indian man assaults truck drivers in Lagos

Indian man assaults truck drivers in Lagos

by The Editor
October 13 2026
0

GLOBAL NEWS

Russia agrees to ban recruitment of Ghanaian nationals for Ukraine war

Russia agrees to ban recruitment of Ghanaian nationals for Ukraine war

by The Editor
November 2 2026
0

...

Britain shouldn’t apologise for slave trade; Africa profited, says Kemi Badenoch

Britain shouldn’t apologise for slave trade; Africa profited, says Kemi Badenoch

by The Editor
November 2 2026
0

...

UK to charge varsities $1,200 per Nigerian, other foreign student from 2028

UK to charge varsities $1,200 per Nigerian, other foreign student from 2028

by The Editor
October 27 2026
0

...

Trump seeks US ban for Norwegians over Nobel Peace Prize snub

Trump seeks US ban for Norwegians over Nobel Peace Prize snub

by The Editor
October 27 2026
0

...

Netanyahu orders army to prepare for full West Bank closure after attack

Netanyahu orders army to prepare for full West Bank closure after attack

by The Editor
October 23 2026
0

...

State of the States

Delta SUBEB denies N13.4bn unspent funds claim

Delta SUBEB denies N13.4bn unspent funds claim

by The Editor
October 31 2026
0

...

Ogun State mulls relocation of communities over gas leak

Ogun State mulls relocation of communities over gas leak

by The Editor
October 23 2026
0

...

Gombe confirms cholera outbreak, treats 74 patients

Gombe confirms cholera outbreak, treats 74 patients

by The Editor
October 21 2026
0

...

Ogun pensioners demand gratuities, pension increases

Ogun pensioners demand gratuities, pension increases

by The Editor
October 9 2026
0

...

Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
Enugu Air secures approval for Lagos–London route

Enugu Air secures approval for Lagos–London route

November 5 2026
Man stabs neighbor to death over roasted meat

Man stabs neighbor to death over roasted meat

November 5 2026
IMF warns Nigeria as Tinubu plans to borrow $5 billion from UAE lender

2027: Tinubu has no business remaining in power, says Tambuwal

November 5 2026
FG outlines criteria for N50k cash grant beneficiaries

FG outlines criteria for N50k cash grant beneficiaries

November 5 2026

EDITORIAL REVIEW

Nigeria’s damning food affordability crisis – Punch

Nigeria’s damning food affordability crisis – Punch

by The Editor
November 2 2026
0

Four states hold high-level talks to tackle insecurity

Boko Haram compounding Nigeria’s case – Punch

by The Editor
October 23 2026
0

Nigeria’s inflation rate falls to 15.43% in July

Economic stability must become shared prosperity – Punch

by The Editor
October 22 2026
0

Nigeria’s vote-buying scourge – Punch

Nigeria’s vote-buying scourge – Punch

by The Editor
October 21 2026
0

Perils of LG Electoral Commission – Punch

Yes, voters, not courts, must decide elections – Punch

by The Editor
October 20 2026
0

Opinion

NAFDAC mops up Europharm products nationwide

What is a Nigerian’s life worth?

by The Editor
November 2 2026
0

...

Blackouts: Broken promises, powering failure – Punch

The revenge of Band A

by The Editor
October 27 2026
0

...

2027: Wike, APC governors clash over Rainbow Coalition

Why are governors getting worse?

by The Editor
October 13 2026
0

...

As we celebrate the girl-child, let us not forget the boy-child

As we celebrate the girl-child, let us not forget the boy-child

by The Editor
October 12 2026
0

...

Plugin Install : Popular Post Widget need JNews - View Counter to be installed
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials

© 2026 TheCitizen Ng. All Rights Reserved.

No Result
View All Result
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials

© 2026 TheCitizen Ng. All Rights Reserved.