Business news
CBN Relaxes Dormant Account Rules with Removal of Affidavit Requirement
The Central Bank of Nigeria (CBN) has removed the requirement for customers to present affidavits when reactivating dormant bank accounts, a move aimed at simplifying the process of reclaiming inactive funds while maintaining safeguards against fraud. In a circular issued to banks and other financial institutions, the apex bank said the decision followed representations from […]
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- March 17, 2026
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