In 2023, the Central Bank of Nigeria announced that it was closing the bank accounts of Nigerians who do not have BVN or NIN attached to their account after March, 2024. The CBN said they will keep to this deadline and threat. In this post, it is a reminder about the topic that CBN to close bank accounts not Linked to BVN and NIN after March, 2024.
Now, let’s take a look at how it will happen and the implications.
CBN to Close Bank Accounts not Linked to BVN and NIN after March, 2024
1. Nigerians or people who have any bank account in Nigeria are expected to go and link their accounts to their NIN and BVN before the end of March, 2023.
2. This means that any bank account with no linking to these national identification forms will be closed or the transactions in it hampered.
3. To avoid this, customers are expected to comply.
4. Nigerians, who are fun of doing things towards deadline, it is expected that majority won’t keep to this until the deadline period where there will be a rush.
This is it on CBN to Close Bank Accounts not Linked to BVN and NIN after March, 2024.