Banks To Pay N10,000 Fine For Failed Transaction Not Reversed Within 24hrs - Business -

Knificent.blogspot.com .

The Central Bank of Nigeria (CBN) has issued a new directive that banks will pay a fine of N10,000 for every money transfer that exceeds four minutes.

The apex bank made this known in a circular, ‘Circular on the regulation on instant inter-bank electronic funds transfer services in Nigeria’ issued to all deposit money banks, microfinance banks, other financial institutions, mobile money operators, development finance institutions, payment service providers and other stakeholders.

CBN said any failed instant payment transaction not reversed into the customer’s account within 24 hours, based on the complaint of the sender and/or beneficiary will attract a fine of N10,000.

According to the letter signed by ‘Dipo Fatokun, CBN’s director, banking and payments system department, the regulation will be effective from October 2, 2019.

According to the apex bank, electronic funds transfer or a NIP happens between two distinct entities when the delivery from the sending entity to the receiving entity takes place within one minute (60 seconds), while a payments system where delivery to the receiving entity occurs beyond one minute is considered to be an ACH system.

According to the document, on an occasion where a sending entity erroneously sends value contrary to the customer’s instructions due to wrong account number, wrong amount, duplication among others to a receiving entity and requested the reversal in writing within 14 working days of the transaction, the receiving entity should oblige within one business day without recourse to the customer (beneficiary) of the receiving entity provided funds are available.

An automatic indemnity would be inferred against the sending entity making the reversal request.

https://www.torimill.co/news/9858/banks-will-pay-n10000-fine-for-any-failed-transaction-not-reversed-within-24-hours-cbn.html

(Quote) (Report) 4 Likes (Like) 2 Shares (Share)

More people have access to mobile phones than toilets in Nigeria - UNICEF

Knificent.blogspot.com .

More people have access to mobile phones than toilet facilities in Nigeria, UNICEF’s Chief of Water Sanitation and Hygiene (WASH), Zaid Jurji, has said.
 

Speaking yesterday at a two-day media dialogue on European Union (EU) Niger Delta Water Project in Port Harcourt, River State, Zaid said it is important for Nigeria triple her investment in water sanitation and hygiene to achieve the SDG water and sanitation target of 2030.
 

Quoting the Nigerian Communication Commission (NCC) report released in January 2018, Zaid said 140 million Nigerians have access to telephone facilities while only 97 million have access to toilets facilities. He added that though people need cell phone because it has improved a lot in the area of communication, hygiene is most important to environmental and human health.
 

Zaid also said Nigeria remains number one country in Africa in the practise of Open Defecation, adding that investment in WASH is profitable for all. “The real cost of Open Defecation in Nigeria are disease and death, stunting, wasting, and malnutrition, loss of dignity, privacy and security, reduced school attendance, productivity and loss of GDP,” he said.
 

He further said N234 billion is needed from the government for the realisation of Open Defecation Free zone in Nigeria while adding that poor government and counterpart funding has been threatening WASH projects across the country.

Knificent.blogspot.com .

Khloe Kardashian is reportedly not happy that her man Tristan Thompson is spending way too much on luxury items and cars for his ex-girlfriend Jordan Craig and wants him to limit his expenditures to just child support for their son Prince Thompson.

According to Life & Style, Khloe, 34, thinks the 27-year-old who is also the father of her daughter True is spending “way too much” money on Jordan and their son.

The source said Tristan is spending so much cash on his other family, that Khloe wants her mother, Kris Jenner, to step in and take over her man’s finances.

“Khloé wants Tristan to let Kris manage his money,” the source revealed to Life & Style. “She feels he’s spending way too much on jewelry, cars, and stupid s–t.”

But the source says Tristan is skeptical of Jenner’s attempts to handle his money. Particularly since the Kardashians/Jenners are burning through millions of dollars a month.

“Tristan thinks this is another way Khloé’s trying to trap him and get him all tied up in the Kardashian web,” the source said.

Knificent.blogspot.com .

Angelina Jolie Suffering From FOMO Over Brad Pitt’s Sexy New Movie-Set Look

Angelina Jolie is feeling like she’s missing out on ex Brad Pitt’s good looks and despite their difficult divorce and custody battle, she can’t help but admit he’s aging well.

Angelina Jolie, 43, has been using her energy to fight for what she believes in when it comes to her divorce from Brad Pitt, 54, but she is definitely been noticing her ex’s flawless aging and can’t help but feel like she’s missing out on one of the hottest men in the entertainment industry. “Angelina is suffering major fear of missing out whenever she sees Brad looking amazing post-split,” a source close to Angelina EXCLUSIVELY told HollywoodLife. “A small part of her will always love and be attracted to the father of her children. She can’t deny that Brad is aging well, especially now that he is cleaning up his act, Angie feels that he looks better and sexier than ever.”

Angelina’s feelings are understandable considering that when she was romantically involved with Brad, they were considered one of the hottest couples in Hollywood. Her recent fears about Brad even sometimes has her doubting their split. “Angelina sometimes misses the undeniable chemistry she shared with Brad,” the source continued. “While she is still in the midst of a challenging divorce, Angie still feels he has been looking incredible lately which has her questioning everything. She knows how much the kids miss the family being together under one roof so once in a while Angelina does wonder if she is doing what is best for all. And seeing Brad looking so good, she can’t help but fight off the feelings of regret as she is reconsiders everything.”

New pics of Brad’s incredibly handsome looks on the set of his upcoming movie Once Upon a Time in Hollywood, just surfaced and we truly haven’t seen a Canadian tuxedo look so good! Over the years, Brad has perfected many different looks for the various characters he’s played in films and he always manages to make them eye-catching and gorgeous. We can’t say we blame Angie for missing what she once had!

What would you do if you come across this scary thing in your toilet

Knificent.blogspot.com .
\

You wake up 3 AM, go to the restroom to use the toilet and you come across this. What would you do?

16-year-old boy found purse with $10,000 (N3.6 Million) inside, See what he did next

Knificent.blogspot.com .

A teenage high school junior boy was driving home from school on Wednesday when he noticed a black purse in the middle of the street. He took the purse from the road, and when he checked what was in it, he was shocked as he found $10,000.

The 16-year-old Rhami Zeini, said he checked further to find the owner’s identification and was surprised when he discovered more money than he had ever seen in his life.

He immediately spoke with his parents and then did the right thing by turning in the fortune to the Santa Barbara County Sheriff’s Office.

“To me, I figured this is the right thing to do,” Zeini told sources, “If I take it and find whoever’s purse it was because if the roles were reversed and I had lost something with a significant sum of money inside, I know I would want it back for sure.”
 

The sheriff’s office said in a Facebook post that a watch officer was able to contact the owner and return the money to her, writing she “was very grateful.”

Kelly Hoover, public information officer for the Santa Barbara Sheriff’s Office, told sources the owner says she was going on a hike and probably left her purse on the roof of her car, then accidentally drove away.

The Sheriff’s office thanked the teen on Twitter Saturday, writing, “What a great example of doing the right thing even when no one is watching.”

This woman's reaction after she caught her husband with another woman is going viral (video)

Knificent.blogspot.com .

A viral video shows a woman's reaction when she caught her husband at a restaurant with another woman.

In the video, the wife is seen scolding her husband in a language believed to be Spanish. As she scolded him, she got even more enraged and slapped him across the face. Waiters stepped in and held her but she continued her tirade while her husband listened and the woman he was with bowed her head in apparent embarrassment.

After a while, when the waiters had relaxed their grip, the scorned wife manages to grab a handful of the woman's hair and begins pulling it while everyone around, including her cheating husband, tried to free the woman's hair from her grip.

The woman is heard crying at this point. Eventually, they managed to release her hair and she stood up and walked out of the restaurant. The husband also stood up and tried leaving with her while waiters held his wife away from them.

Watch the shocking video below.