Tag: bank accounts

Only 5% of Nigerians have over ₦‎500k in their bank accounts ―Finance Minister, Wale Edun

Bode DoluLeave a Comment on Only 5% of Nigerians have over ₦‎500k in their bank accounts ―Finance Minister, Wale Edun

Nigeria’s Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has said approximately only 5% of people in Nigeria have more than N500,000 in their bank accounts. Mr. Edun, who disclosed this on Friday in an interview on Channels Television, said Nigerian Government plans to rectify the economic imbalances that disproportionately favour a small […]

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CBN to freeze bank accounts without BVN, NIN in Nigeria

Bode DoluLeave a Comment on CBN to freeze bank accounts without BVN, NIN in Nigeria

Central Bank of Nigeria (CBN) says beginning from April 2024, it will freeze all bank accounts without a Bank Verification Number (BVN) or National Identification Number (NIN). The circular released by the apex bank on Friday, December 1, instructed banks to place a “Post no Debit” restriction which prevents customers from making withdrawals, transfers, or […]

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Nigeria’s NDLEA reportedly traces N4.2bn to DCP Abba Kyari, his deputy’s bank accounts

Bode DoluLeave a Comment on Nigeria’s NDLEA reportedly traces N4.2bn to DCP Abba Kyari, his deputy’s bank accounts

New facts have emerged on how the suspended super cop and former Commander of the Inspector General of Police Intelligence Response Team (IGP-IRT), DCP Abba Kyari; as well as his deputy, ACP Sunday Ubua, allegedly received a combined N4.2bn from their separate bank accounts. Details of the sum are part of a report sent to […]

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