The CBN Governor, Mr. Lamido Sanusi, disclosed this during a stakeholders’ forum on financial services organised by the Consumers Protection Council to mark the 2011 World Consumer Rights Day in Abuja, on Thursday.
Sanusi, who was represented by the Director, Other Financial Institutions Department, CBN, Mr. Olufemi Fabanwo, however noted that the money had been returned to the banks’ customers.
According to the CBN governor, there is an urgent need to build and sustain consumer confidence in the use of ATM cards. He stressed that the move would go a long way in strengthening the nation’s banking sector.
As part of efforts towards tackling the problem of ATM card fraud within the banking sector, Sanusi said that the apex bank had established the Card Fraud Arbitration Committee to ensure speedy resolution of complaints by customers.
READ MORE : http://www.nigerianinfo.com/2011/03/atm-fraud-cbn-recovers-n2bn-from-banks.html
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