- In Nigeria, cash transfers to wrong bank accounts or unexpected recipients are frequent
- Due to a number of factors, including a lack of knowledge about the appropriate course of action, the majority of them were irreparable.
- Reporting the incorrect transfer to the recipient’s bank by the innocent party is the initial course of action
Legit.ng journalist Zainab Iwayemi has 5-year-experience covering the Economy, Technology, and Capital Market.
Erroneous cash transfers are common and unavoidable as a result of the rapid advancements in technology, which have made it possible to transfer money digitally without physically visiting a banking hall.
