Nigerian Stories has taken to its official X handle to announce a major financial development:
“BREAKING NEWS: The Central Bank of Nigeria (CBN) has directed all banks to publish details of dormant accounts and unclaimed balances.”
This unprecedented move is part of the apex bank’s intensified efforts to enhance transparency and ensure unclaimed funds are properly accounted for within the financial system.
The directive, which is expected to send shockwaves across the banking sector, mandates financial institutions to disclose information on accounts that have remained inactive for a specified period. This measure aligns with the CBN’s ongoing financial reforms aimed at reclaiming and redirecting idle funds to productive economic use.
Industry analysts believe this policy will not only promote accountability but also encourage rightful owners to reclaim their funds before further regulatory action is taken. Meanwhile, customers and stakeholders are eagerly awaiting further details on implementation timelines and compliance procedures.
As the banking sector braces for this sweeping change, questions linger about how this move will impact both account holders and financial institutions. Will this spur a rush to reactivate dormant accounts? What legal implications will arise from the publication of such financial details?
Stay tuned as we bring you more updates on this developing story.
PIONEER NEWS 