dormant accounts

Monies in dormant accounts at risk of fraud, CBN warns  The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has said that monies in dormant accounts in banks are prone to fraud. He said this on…

The Central Bank of Nigeria (CBN) has directed banks and other financial institutions to deposit unclaimed balances and funds in dormant accounts to the apex bank accounts. CBN also issued regulatory guidelines for account…