NEWS
CBN to freeze bank accounts without BVN, NIN
The Central Bank of Nigeria (CBN) has announced the implementation of a “Post No Debit” restriction on all bank accounts lacking a Bank Verification Number (BVN) and National Identification Number (NIN), effective April 2024.
This directive was communicated through a circular issued by CBN’s Director of Payments System Management Department, Chibuzo Efobi, and the Director of Financial Policy and Regulation Department, Haruna Mustapha, to all deposit money banks across the country on Friday.
The term ‘Post No Debit’ denotes a limitation placed by banks on specific accounts, preventing customers from executing withdrawals, transfers, or any other transactions during the stipulated period.
Consequently, the funds in the account become temporarily inaccessible.
Furthermore, the CBN emphasized that electronic revalidation of all BVN or NIN associated with AL accounts or wallets must be completed by January 31, 2024.
SOURCE: FRCN
Discover more from Naijanewstoday
Subscribe to get the latest posts sent to your email.
Police Acquire New Tech to Boost Crime-Fighting, Launch Training for Intelligence Unit
FCT Police Intervene in Kuchibyi Land Dispute, Condemn Attack on Officers
NBA Condemns Niger State FM Shutdown, Labels it ‘Executive Rascality’
Ministry, Police Academy Dismiss PSC’S Disclaimer on Admissions as Misleading
Be Disciplined or Face Sanctions, NYSC Lagos Official Warns Corps Members
Servicom Responsible For Corps Members’ Conduct On And Off Camp – Head Of Reforms
NYSC Lagos Flags Off Lecture Series, Officer Iloh Emphasizes Security Awareness
Salmwang Inaugurates Corps Camp Directors, Sets Up Camp Court for Batch B Stream I
NYSC Warns Lagos Corps Members Against Paying for Posting, Reposting
New Tax Law Introduces Rent Relief Capped at ₦500,000 for Nigerians
Shehu Sani Urges UK Minister Kemi Badenoch to Return Her Nigerian Name
NNPCL Boss Bayo Ojulari Allegedly Forced to Resign Under Pressure
Nigerian Nurses Suspend Nationwide Strike After Government Talks
Blessing CEO Alleges IVD Held Without Charges After Airport Arrest Over Qatar Trip
Trump Weighs In on Possibility of Pardoning Diddy Amid Mann Act Conviction
Police Acquire New Tech to Boost Crime-Fighting, Launch Training for Intelligence Unit
FCT Police Intervene in Kuchibyi Land Dispute, Condemn Attack on Officers
NBA Condemns Niger State FM Shutdown, Labels it ‘Executive Rascality’
Ministry, Police Academy Dismiss PSC’S Disclaimer on Admissions as Misleading
Be Disciplined or Face Sanctions, NYSC Lagos Official Warns Corps Members
Servicom Responsible For Corps Members’ Conduct On And Off Camp – Head Of Reforms
NYSC Lagos Flags Off Lecture Series, Officer Iloh Emphasizes Security Awareness
Salmwang Inaugurates Corps Camp Directors, Sets Up Camp Court for Batch B Stream I
NYSC Warns Lagos Corps Members Against Paying for Posting, Reposting
New Tax Law Introduces Rent Relief Capped at ₦500,000 for Nigerians
Shehu Sani Urges UK Minister Kemi Badenoch to Return Her Nigerian Name
NNPCL Boss Bayo Ojulari Allegedly Forced to Resign Under Pressure
Nigerian Nurses Suspend Nationwide Strike After Government Talks
Blessing CEO Alleges IVD Held Without Charges After Airport Arrest Over Qatar Trip
Trump Weighs In on Possibility of Pardoning Diddy Amid Mann Act Conviction
Police Acquire New Tech to Boost Crime-Fighting, Launch Training for Intelligence Unit
FCT Police Intervene in Kuchibyi Land Dispute, Condemn Attack on Officers
NBA Condemns Niger State FM Shutdown, Labels it ‘Executive Rascality’
Ministry, Police Academy Dismiss PSC’S Disclaimer on Admissions as Misleading
Be Disciplined or Face Sanctions, NYSC Lagos Official Warns Corps Members
Servicom Responsible For Corps Members’ Conduct On And Off Camp – Head Of Reforms
NYSC Lagos Flags Off Lecture Series, Officer Iloh Emphasizes Security Awareness
Salmwang Inaugurates Corps Camp Directors, Sets Up Camp Court for Batch B Stream I
NYSC Warns Lagos Corps Members Against Paying for Posting, Reposting
New Tax Law Introduces Rent Relief Capped at ₦500,000 for Nigerians
Shehu Sani Urges UK Minister Kemi Badenoch to Return Her Nigerian Name
NNPCL Boss Bayo Ojulari Allegedly Forced to Resign Under Pressure
Nigerian Nurses Suspend Nationwide Strike After Government Talks
Blessing CEO Alleges IVD Held Without Charges After Airport Arrest Over Qatar Trip
Trump Weighs In on Possibility of Pardoning Diddy Amid Mann Act Conviction
-
POLITICS5 days agoC-Sagas UK Chapter Meets Founder in London, Reaffirms Humanitarian Vision
-
TECH7 days agoOpenAI CEO Sam Altman Warns ChatGPT Conversations Aren’t Legally Confidential
-
NEWS5 days agoIkwo Noyo Clan Releases Official Timetable for 2025 Nnesweoha Festival
-
ENTERTAINMENT4 days agoVeryDarkMan Breaks Down in Tears as He Announces Death of Popular Fish Seller
-
NEWS5 days agoNigerian Youth Advocate Calls Out Facebook’s Monetisation Policies
-
CAMPUS REPORTS6 days agoVC Inaugurates Two New Residential Flats Built by AE-FUNAI Parents’ Forum
-
CAMPUS REPORTS5 days agoExperts Urge Responsible AI And Data Use at AE-FUNAI Law Conference
-
POLITICS4 days ago2027 Elections: We’re the Only Viable Alternative to APC, PDP Slams ADC
-
CAMPUS REPORTS6 days agoAE-FUNAI Hosts ACSPN, Highlights Role of Artificial Intelligence in Media and Security
-
SPORTS7 days agoAsisat Oshoala Shuts Down Retirement Rumors After WAFCON Triumph
-
SPORTS4 days agoMorocco Challenges Referee Call After Super Falcons’ WAFCON Triumph
-
NEWS6 days agoDavid Umahi’s Daughter Kimberly Graduates With First Class