At least five million bank accounts were deactivated by Deposit Money
Banks operating in the country on Saturday night following the October
31, 2015 deadline set by the Central Bank of Nigeria for bank customers
to register and obtain their Bank Verification Numbers, findings by our
correspondents showed on Monday.
The affected customers were, among other things, barred from
withdrawing cash and transferring funds through Automated Teller
Machines, Internet banking platforms and over-the-counter in the banking
halls. The development created chaos in the banking halls across the
country on Monday as angry customers besieged several branches to get
their suspended accounts reactivated.
Long queues were seen in various banking halls when one our
correspondents visited some branches in Lagos. Similar situations were
recorded in Abuja, Port Harcourt and other major cities across the
country.
Findings showed that a significant number of the five million
customers whose accounts were suspended had obtained their BVNs but
failed to link it with their account numbers.
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