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Topic: Tribunal Imposes N120m Fine On Bank Over Failed Transaction  (Read 614 times)

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Tribunal Imposes N120m Fine On Bank Over Failed Transaction
« on: July 14, 2023, 07:01:03 am »
Tribunal Imposes N120m Fine On Bank Over Failed Transaction

Competition and Consumer Protection Tribunal (CCPT) sitting in Abuja yesterday imposed a fine of N120 million against  Stanbic-IBTC Bank over the bank’s failure to complete a transfer request for a customer. In a split decision of two to one, the tribunal convicted the bank for contravening the provisions of Section 130(1)(a) of the FCCP Act, […]

Source: Tribunal Imposes N120m Fine On Bank Over Failed Transaction


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