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46.7 Million Nigerian Bank Accounts Dormant - Business - Nairaland

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46.7 Million Nigerian Bank Accounts Dormant by GoodGovernance: 7:16am On Feb 05, 2019
Data from the Nigeria Interbank Settlement System, NIBSS, indicated that
the number of dormant/inactive bank accounts rose by 28 percent to 46.7 million in 2018 from 36.7 million in 2017.

Additional 10 million bank accounts were abandoned and left dormant, in 2018, plausibly due to economic hardship caused by sluggish economic growth, rising job losses and reduction in purchasing power occasioned, by double digit inflation.

According to the Central Bank of Nigeria (CBN) guidelines on dormant accounts, “an account shall become inactive if there has been no customer or depositor-initiated transaction for a period of six months after the last customer or depositor initiated transaction.”

Bank customers abandon their accounts for other various reasons such as:

1.Dissatisfaction/Poor service from affected banks
2.Relocation
3.Cashflow challenges
4.Temporary usage-some contractors are forced to open accounts by contractees, in banks which they hitherto were not patronizing. And once they receive one-off payment, the accounts are consequentially abandoned.

https://www.financialdigest.com.ng/blog/2019/02/04/46-7-million-nigerian-bank-accounts-inactivedormant/

2 Likes

Re: 46.7 Million Nigerian Bank Accounts Dormant by Abfinest007(m): 7:38am On Feb 05, 2019
is not yet rainy season but rain has started falling since January,are u sure GOD is not saying something that we don need the broom we need the umbrella

87 Likes 8 Shares

Re: 46.7 Million Nigerian Bank Accounts Dormant by hisgrace090: 7:46am On Feb 05, 2019
People will see the one to chop before saving.

13 Likes

Re: 46.7 Million Nigerian Bank Accounts Dormant by Nobody: 10:22am On Feb 05, 2019
You mean APC TraderMoni Bank Accounts ?

3 Likes

Re: 46.7 Million Nigerian Bank Accounts Dormant by madridguy(m): 10:22am On Feb 05, 2019
Na after person chop belleful person dey reason to put for bank.

My account is not only dormant but empty. Make God help. Bills to pay dey increase.

10 Likes 1 Share

Re: 46.7 Million Nigerian Bank Accounts Dormant by senatepresido: 10:22am On Feb 05, 2019
Things dey sup for this baba regime oo, may d boss man rest na, he don fight corruption reach... make we still experience corruption overflowing administration with Atiku/Obi...... we knw say nobody holy pass o

9 Likes

Re: 46.7 Million Nigerian Bank Accounts Dormant by sammyuche(m): 10:22am On Feb 05, 2019
hisgrace090:
People will see the one to chop before saving.

Abi o

2 Likes 1 Share

Re: 46.7 Million Nigerian Bank Accounts Dormant by meeky007(m): 10:22am On Feb 05, 2019
since I open account 4 keystone bank I never deposited any money

6 Likes

Re: 46.7 Million Nigerian Bank Accounts Dormant by pautex: 10:23am On Feb 05, 2019
grin grin grin grin
WE WANTED CHANGE. IT IS TIME TO CHANGE THE CHANGE, GET YOUR PVC READY... IT IS JUST FEW DAYS TO GO.

11 Likes 1 Share

Re: 46.7 Million Nigerian Bank Accounts Dormant by exlink10(m): 10:23am On Feb 05, 2019
ok now
Re: 46.7 Million Nigerian Bank Accounts Dormant by freemanbubble: 10:23am On Feb 05, 2019
Okay
Re: 46.7 Million Nigerian Bank Accounts Dormant by Nobody: 10:23am On Feb 05, 2019
grin grin grin grin grin It's one of the reasons the elites want to get rid of PMB
They are not ready to link their BVN till Buhari is gone

7 Likes 1 Share

Re: 46.7 Million Nigerian Bank Accounts Dormant by samisj4real(m): 10:23am On Feb 05, 2019
See what BUHARI has turned Nigeria to.

Daura is a MOVEMENT.

6 Likes

Re: 46.7 Million Nigerian Bank Accounts Dormant by hisexcellency34: 10:24am On Feb 05, 2019
Kudos to Buhari. He has really stabilised the economy

11 Likes 1 Share

Re: 46.7 Million Nigerian Bank Accounts Dormant by XTHRONE(m): 10:24am On Feb 05, 2019
Na wen you belly full, you begin save naw.
Re: 46.7 Million Nigerian Bank Accounts Dormant by emmykk(m): 10:24am On Feb 05, 2019
The total number of votes President Buhari will get in the election this year is the total numbers of idiot living in Nigeria

23 Likes 1 Share

Re: 46.7 Million Nigerian Bank Accounts Dormant by Foolishbuhari: 10:24am On Feb 05, 2019
No be when u get money to chop first before you go see the one when dem dey put for bank ni grin cheesy

2 Likes

Re: 46.7 Million Nigerian Bank Accounts Dormant by zinaunreal(m): 10:24am On Feb 05, 2019
Bubu again
Re: 46.7 Million Nigerian Bank Accounts Dormant by GMPO(m): 10:25am On Feb 05, 2019
Jj
Re: 46.7 Million Nigerian Bank Accounts Dormant by Kharol1234: 10:27am On Feb 05, 2019
chaii i dae among d pple my ecobank acct i no even remember d acct numba again... Wen i dae run 2 accts nw who go remember d oda ones... Even d 2 accts sef na 1 i dae run as access to merge d oda 1 i dae fear to put money insyd make i no cum dae hear story....

1 Like

Re: 46.7 Million Nigerian Bank Accounts Dormant by Delaw00(m): 10:30am On Feb 05, 2019
My account is one of em

1 Like

Re: 46.7 Million Nigerian Bank Accounts Dormant by 3pleo: 10:30am On Feb 05, 2019
cry
Re: 46.7 Million Nigerian Bank Accounts Dormant by sunnedee2: 10:30am On Feb 05, 2019
Why wont they be dormant?
I had a First Bank that hadn't been used for a long time.
Went there to activate and was told to bring identity.
Took Intl passport there and they said the network to verify it is down.
I am sure that account will remain dormant for a long long time coz I dont think I will go there again.
I even dash them the money there. Mtcheww

3 Likes

Re: 46.7 Million Nigerian Bank Accounts Dormant by Nobody: 10:30am On Feb 05, 2019
PDP had to abandon the accounts they used to move money when they were in powet since new money isn't coming in.

3 Likes

Re: 46.7 Million Nigerian Bank Accounts Dormant by LordGuru1: 10:31am On Feb 05, 2019
hisexcellency34:
Kudos to Buhari. He has really stabilised the economy
stabilised or stabilized?! Oh, I get your unintended message.

2 Likes

Re: 46.7 Million Nigerian Bank Accounts Dormant by SirLakes: 10:31am On Feb 05, 2019
No be person wey get money dey carry go bank



Poverty is in the land o jare
Re: 46.7 Million Nigerian Bank Accounts Dormant by chloride6: 10:34am On Feb 05, 2019
Death
Re: 46.7 Million Nigerian Bank Accounts Dormant by mcdokwe(m): 10:35am On Feb 05, 2019
You have to feed first before talking about banking your money.
Besides too many accounts were created for Ponzi before the cookie crumbled.

3 Likes

Re: 46.7 Million Nigerian Bank Accounts Dormant by Baddiezz(f): 10:35am On Feb 05, 2019

2 Likes

Re: 46.7 Million Nigerian Bank Accounts Dormant by TooMuchStuff: 10:35am On Feb 05, 2019
Hahahaha!!

Hope these people are not referring to my GTB account O...?

Shishi I no dey dia.....!

Buhari yaff finish me.....b
Re: 46.7 Million Nigerian Bank Accounts Dormant by CuddleBear(f): 10:36am On Feb 05, 2019
no money no friend

1 Like

Re: 46.7 Million Nigerian Bank Accounts Dormant by ddooskie(m): 10:37am On Feb 05, 2019
grin
My Eco,
Access,
UBA,

Unity
&
TransAtlantic Mortgage bank accounts are there. grin GTB & Zenith ti take over.

First three; dissatisfied with their services and incessant charges/deductions while the other two were for NYSC allawee.

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