The Central Bank of Nigeria (CBN) has issued a directive to all commercial banks in the country. The directive, which takes immediate effect, affects millions of account holders with dormant, inactive, or unclaimed deposits….READ FULL ARTICLE...READ THE FULL ARTICLE HERE ▶▶
According to sources close to the CBN, the directive mandates banks to apply a specific interest rate to funds in these accounts. This move is aimed at strengthening the banking system, enhancing financial stability, and protecting depositors’ funds.
The CBN’s decision is seen as a welcome development by many in the financial industry. “This directive will benefit millions of account holders who have inactive or dormant accounts,” said a banking expert. “It will also encourage people to reactivate their accounts and start using banking services again.”
To take advantage of this directive, account holders are advised to check their account status and contact their banks to understand the applicable interest rates and terms. “Account holders should reactivate their accounts and start earning interest on their funds,” said a CBN spokesperson.
The CBN’s move is part of its efforts to promote financial inclusion and stability in the country. The apex bank has been working tirelessly to ensure that the banking system is robust, stable, and customer-friendly.
This directive is a significant development in the banking sector, and we will continue to provide updates as more information becomes available. Stay informed, stay ahead!
What this means for you:
– If you have a dormant, inactive, or unclaimed deposit account, you will start earning interest on your funds.
– Contact your bank to understand the applicable interest rate and terms.
– Reactivate your account to start earning interest.
– This directive affects millions of account holders, so take advantage of it today…READ FULL ARTICLE
