The legislators said an overhaul would make it easier and convenient for Nigerians to conduct electronic banking operations.
Since the implementation of the naira redesign policy and subsequent cash shortage, Nigerians have had a “Disturbed that the ineffectiveness or difficulty in using internet banking services across the online banking platforms of most commercial banks in Nigeria has brought untold hardship, suffering and difficulties on Nigerians in the past three months.
In his ruling, Ahmed Wase, deputy speaker of the house of representatives, mandated the committee on banking and currency to ensure compliance and report back within four weeks for further legislative action.to Nigerians for the rise in failed electronic banking transactions.
Source: Financial Digest (financialdigest.net)
cenbank The cenbank is the cause of the financial and economic problems in Nigeria because it's policies are unnatural and usurious; it allows borrowing without taking consideration of the implications
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