A new regulatory framework established by the Central Bank of Nigeria (CBN) will allow it to seize billions of naira from dormant accounts, store them, and use the revenues to buy treasury bills and other government securities.

The CBN recently released a guideline that details the management procedures for funds trapped in dormant accounts, potential uses for the funds, pending customer refunds, compliance expectations, monitoring and evaluation, dispute resolution, and sanction for violations. The guideline is dated August 6 but was just released...

https://www.thenews-chronicle.com/the-central-bank-assumes-custody-of-bank-dormant-account-funds/?utm_source=ReviveOldPost&utm_medium=social&utm_campaign=ReviveOldPost

If i go to my bank to re activate my account and they tell me nonsense about the money i have inside the account. Me and that bank go meet for court.

Nothing will stop Emiefele from going to Jail as soon as he tenure elapses