Just another News Updates
The Central Bank of Nigeria (CBN) has mandated all banks and financial institutions to transfer funds from dormant accounts to the apex bank. A circular issued by Mr. John Onoja, CBN’s Acting Director of Financial Policy and Regulations, targets accounts that have been inactive for 10 years or more. These guidelines apply to all financial […]
In a recent directive, the Central Bank of Nigeria (CBN) has instructed financial institutions under its regulation to adhere to a protocol of issuing notices to customers regarding outstanding debts prior to initiating any debt collection measures. The aim behind this directive is to ensure that the process of debt recovery is conducted in a […]