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Headline : No, the CBN isn’t after the money in your dormant account

Read more from the original article on here at techcabal.com.





Tags : #cbn #isnt #money #your #dormant #account


No. of Paragraph 11

Image Source: Wunmi Eunice/BCM Design.

Mythbusters: is Nigeria’s Central Bank trying to “steal” the money in your dormant account?

When Nigeria’s Central Bank directed banks and other financial institutions on Friday to transfer ownership of dormant accounts and unclaimed balances, the immediate reaction from the public was distrust.

On social media, a few prominent handles advised their followers to go to their banks and collect all the money in their dormant accounts before the CBN accessed it. “They want to take all the money. Go and reactivate your accounts now,” one X user wrote.

Read more from the original article on here at techcabal.com.


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