Business
Sent Money to the Wrong Account? Here’s How to Get It Back Immediately and Safely
Errors occur, particularly in the financial industry. Although sending money to the incorrect account can be annoying, it’s crucial to remember that, with prompt action, you can get your money back. To assist you in the process, below is a detailed guide.CONTINUE FULL READING>>>>>
1. Contact Your Bank Immediately
The first thing you should do is reach out to your bank as soon as you realize the mistake. Whether you use a mobile app, USSD code, or in-person banking, file a formal complaint. Your bank will confirm that the money has left your account and initiate a process to retrieve it. Time is of the essence here, so don’t delay.
2. Your Bank Will Contact the Receiving Bank
Once your complaint is filed, your bank will get in touch with the bank of the account that received the money. They will inform the bank about the mistaken transaction and request their cooperation in resolving the issue.
3. The Account Holder is Notified
The receiving bank will notify the account holder that they’ve received funds in error. They are legally required to return the money. In most cases, people comply once informed of the situation.
4. If the Account Holder Refuses to Return the Funds
In rare cases, the person who received your money may refuse to return it. If this happens, your bank may advise you to escalate the issue by involving law enforcement or the relevant authorities. The law is on your side in such cases, and your bank will guide you through this process.
Key Takeaway
While transferring money to the wrong account can be stressful, it’s important to remain calm and act quickly. By following the proper steps and working closely with your bank, you significantly increase your chances of recovering your funds.
Thank you for reading! If this article helped, please like, comment with your thoughts or questions, and share it with others who might benefit. Your support means a lot!CONTINUE FULL READING>>>>>
A Japanese investor, the Managing Director of Limited, Masahiro Tsuno, has described the 650,000 barrels per day Dangote Refinery as a world miracle.CONTINUE FULL READING>>>>>
In a statement on Sunday by Dangote Spokesperson, Anthony Chijiena, Tsuno disclosed this when a delegation from the Japanese Business Community in Nigeria, led by Japan’s Ambassador-designate to Nigeria, Suzuki Hideo, visited the Lagos-based refinery.
According to him, the sheer size and automation of the Dangote refinery built by a single investor is one of the world’s wonders.
“I’ve seen many standalone refineries across the globe, including in Vietnam and the Middle East.
“However, the size of a refinery built by one single investor is probably a miracle in the world. And I’m just actually witnessing a miracle,” he said.
On his part, the Vice President of Oil and Gas, Dangote Industries Limited, Devakumar Edwin, said that in the last months, Dangote Refinery has exported Premium Motor Spirit (petrol) to three African countries.
“In recent weeks, we’ve exported petrol to Cameroon, Ghana, Angola, and South Africa, among others. Diesel has gone all over the world, and jet fuel is being heavily exported to European markets.
“Our products are already making their mark internationally,” Edwin said.
This comes as Dangote Refinery recently announced that it has commenced the export of petrol to Cameroon.
Recall that Dangote Refinery commenced the rollout of PMS on September 15, 2024.CONTINUE FULL READING>>>>>
Business
BREAKING NEWS: CBN Imposes N150 Million Fine On Banks Releasing Redesigned Naira Notes To Currency Hawkers…
The Central Bank of Nigeria (CBN) has imposed a ₦150 million fine on banks guilty of releasing the redesigned naira notes to currency hawkers.CONTINUE FULL READING>>>>>
The hawking of new naira notes became rampant after the introduction of the redesigned ₦200, ₦500, and ₦1,000 denominations. Reports of these notes being sold on the black market at exorbitant rates prompted the CBN to take stricter action.CONTINUE FULL READING>>>>>
The Nigerian National Petroleum Company Limited, NNPCL, has reduced the price of Premium Motor Spirit (petrol) across its retail outlets in the Federal Capital Territory, Abuja, DAILY POST reports.CONTINUE FULL READING>>>>>
DAILY POST correspondents who visited NNPCL retail outlets observed that the petrol pump price was reduced from N1,060 to N1,040 per litre. This represents a reduction of N20.
“The price was reduced to N1,040 per litre from N1,060 on Saturday morning,” a filling station attendant at the NNPCL retail outlet along Kubwa expressway told DAILY POST.
A motorist, Ezekiel Njoku, confirmed the development to DAILY POST.
“The reduction of N20 is significant. We need further fuel price reductions in the coming days,” he said.
With the price cut, Nigerians will now buy petrol at N1,040 per litre at NNPCL filling stations, while prices remain within N1,115 per litre at other filling stations, depending on the location.
This development comes barely three weeks after the state-owned Port Harcourt refinery began producing petroleum products in November 2024.
The former Managing Director of NNPCL Retail, Prof. Billy Okoye, had earlier speculated that a fuel price reduction was imminent with the commencement of production at the Port Harcourt refinery.
Oil marketers, the Independent Petroleum Marketers Association of Nigeria, IPMAN, and the Petroleum Products Retail Outlets Owners Association, PETROAN, had also hinted that the deregulation of the sector—coupled with the operations of Dangote and Port Harcourt refineries—would lead to a drop in petrol prices.CONTINUE FULL READING>>>>>
Abuja based Afro Cultural artist Johnbull iyke, Pens a one year Management/Promotional Deal with Avnet Media company
BREAKING SPORTS: FIFA Releases Last Ranking For National Teams In 2024, See Top Ten In Africa, Globally
Ahmad Khatami, President Erdogan Will Pay The Price For This Betrayal Against Muslims
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