CBN Moves to Claim Monies in Dormant Accounts, Extends Validity to One Year

CBN Moves to Claim Monies in Dormant Accounts, Extends Validity to One Year

The Central Bank of Nigeria (CBN) has issued new guidelines to commercial banks on the operations of dormant accounts which have received no deposit or withdrawal for upwards of one year.Information Guide Nigeria LEGIT.NG reports the new guideline is contained in the bank’s circular to commercial banks issued on Wednesday, April 12, 2023. The Central … Read more