bank accounts

  1. BVN and NIN Linkage: Nigerian Banks Close Over 2 Million Accounts in Q1 2024 Drive

    Nigeria BVN and NIN Linkage: Nigerian Banks Close Over 2 Million Accounts in Q1 2024 Drive

    In a bid to enhance transparency and regulatory compliance, commercial banks in Nigeria took decisive action in the first quarter of 2024, closing a staggering 2.021 million bank accounts. This move was aimed at purging their books of questionable accounts and aligning with regulatory directives...
  2. curator

    118m Nigerian Adults Have No Bank Account – World Bank – Leadership Newspaper

    Recent data provided by the World Bank says 118 million Nigerians do not have bank accounts. The information was made available in the latest Global Findex Database report released on Thursday at the ongoing Spring meetings of the International Monetary Fund and World Bank in Washington DC...
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    Business Court Revises Order On Forfeiture of Bank Accounts Without BVN

    A Federal High Court in Abuja has revoked its earlier order for the interim forfeiture of any balance in a bank account without a Bank Verification Number (BVN). Justice Nnamdi Dimgba on Wednesday said the parties agreed that the order made on October 17 has some consequences against parties...
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    Metro Why We Freeze Bank Accounts - EFCC Explains

    The Economic and Financial Crimes Commission (EFCC) says it is legally empowered to freeze any bank account suspected of being used for financial crimes. A statement on Monday from EFCC spokesman, Wilson Uwujaren, noted that some commentators have described the freezing of bank accounts of...
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