Millions of Nigerians hold dormant bank accounts that have remained inactive for years, often because the owners forgot about them, relocate ...

The Central Bank of Nigeria (CBN) has revised its guidelines on the management of dormant accounts, removing the mandatory requirement ...

The Central Bank of Nigeria (CBN) has issued a directive requiring all banks and financial institutions to publish details of dormant accounts, unclaimed balances, and other financial assets on their ...

The Central Bank of Nigeria (CBN) has revised its guidelines on the management of dormant bank accounts, removing the mandatory requirement for customers to present affidavits when seeking to ...

Google announced it will begin deactivating abandoned accounts this year. In Tuesday’s announcement, the tech giant said the decision to get rid of dormant accounts is a security measure intended to ...

The CBN also addressed concerns about data privacy and stated that the disclosure requirements comply with Nigerian data protection laws. The Central Bank of Nigeria (CBN) has revised its rules on ...

The Central Bank of Nigeria (CBN) has removed the requirement for customers to present affidavits when reactivating dormant bank ...

The Central Bank of Nigeria (CBN’s) review of policy on dormant account and unclaimed balances transactions have prompted customers with longstanding deposits in dormant accounts to approach banks for ...

The CBN‘s new guidelines focus on two primary categories: dormant accounts and unclaimed balances. While often used interchangeably, these terms represent distinct financial scenarios. A dormant ...

This decision arises from the concern that using abandoned Google accounts is a considerable security risk. Rather than merely erasing the account content, Google has opted to delete these accounts ...

Since the Central Bank of The Bahamas (CBOB) began remitting funds in dormant accounts to the public treasury, more than $63 ...