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CBN stop banks from criminal conversion of dormant account funds

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CBN stop banks from criminal conversion of dormant account funds
12 October 2015, Abuja – The Central Bank of Nigeria (CBN) has banned banks from converting funds in dormant accounts to income. Consequently, the apex bank directed that banks that in the last five years converted such funds to income should reclassify them as deposits. The ban was contained in the Guidelines on the Management […] More »
CBN stop banks from criminal conversion of dormant account funds CBN stop banks from criminal conversion of dormant account funds Reviewed by Crude Oil Facilitators on 10:27 Rating: 5

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