The Central Bank of Nigeria, CBN, yesterday, said it will soon audit the nation’s payment system in order to cope with future growth in electronic banking transactions.
The audit follows the challenges and widespread transaction failure experienced by bank customers due to the spike in the number of e-payment transactions during the naira redesign programme.
Meanwhile, the apex has placed an e-payment ban on the Biometric Verification Number, BVN, of 572 bank customers for fraud related issues.
READ ALSO: Naira scarcity: Grooms adopt e-payment for bride price in Jigawa