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WHY BANKS WILL NOT HELP YOU RECOVER YOUR STOLEN FUNDS:
**A LONG THREAD**
In several months past,there have been numerous reports of fraudulent transactions on clients' accounts via E-channels.
Here are a few of the reasons why banks are "hesitant to assist."
#Bank #Nigeria
**A LONG THREAD**
In several months past,there have been numerous reports of fraudulent transactions on clients' accounts via E-channels.
Here are a few of the reasons why banks are "hesitant to assist."
#Bank #Nigeria
1. INDEMNITY: When you want an E-banking Solution (ATM, Mobile/Internet Banking, etc.), you must fill out and sign an Indemnity Form. Simply put, you are accepting culpability for fraudulent transactions that occur on your account through such e-channels and absolving the bank,
of any legal repercussions.
Now, if the bank discovers that the fraud was due to your negligence, "OYO" is your name.
2. RESOURCE CONSTRAINTS: Even if the bank decides to assist with the investigation, manpower and time are not luxury "things" that can be spared.
Now, if the bank discovers that the fraud was due to your negligence, "OYO" is your name.
2. RESOURCE CONSTRAINTS: Even if the bank decides to assist with the investigation, manpower and time are not luxury "things" that can be spared.
