JUST IN: CBN announce deadline for freezing of bank accounts without NIN, BVN
The Central Bank of Nigeria (CBN) has set a deadline for the freezing of bank accounts that do not have a Bank Verification Number (BVN) or a National Identification Number (NIN).
According to the CBN, bank accounts without a NIN and BVN would be banned beginning in April 2024.
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In a circular issued on Friday, the CBN stated that on March 1, 2024, a “Post No Debit or Credit” will be placed on funded accounts that do not have a BVN or NIN.
Details will be provided later.