BREAKING: CBN to “PND” any bank account or wallet without BVN/NIN from 2021

The central bank has announced that all bank accounts without BVN and NIN will be placed on “Post no Debit” effective April 2024.

This was contained in a circular issued by the central bank and sent to all deposit money banks.

The central bank also stated that all the BVN or NIN attached to and/or associated with AL accounts/wallets must be electronically revalidated by January 31, 2024.

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