CBN orders banks to introduce multi-factor authentication for foreign card transactions
The Central Bank of Nigeria (CBN) has directed all banks operating in the country to implement multi-factor authentication (MFA) for all foreign card transactions. This move is aimed at boosting security and reducing fraud associated with international card usage. According to the CBN, the measure will require customers to provide additional verification, such as one-time […]
Woman In Tears As ₦243K Vanishes 20 Minutes After ATM Seizes Card
A heartbreaking scene unfolded at a bank when a woman was seen crying uncontrollably after losing ₦243,000. Her husband had given her the money to pay for shop rent, but it mysteriously disappeared from her account shortly after her ATM card got stuck in the machine. According to reports, she was attempting to withdraw cash […]