CBN Issues Directive to Banks on Dormant Accounts, Unclaimed Balances

JUST IN ! CBN Announces Date to Freezes Accounts without BVN, NIN

Effective April 2024, the Central Bank of Nigeria has instructed a “Post no Debit” restriction on all bank accounts lacking Bank Verification Number and National Identification Number. “Post No Debit” is a term used to describe a restriction imposed by banks on specific accounts, preventing customers from making withdrawals, transfers, or any other debits from […]

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