The House of Representatives’ Ad Hoc Committee on Unclaimed Funds in the Nigerian Commercial Banks and Infractions by the Central Bank of Nigeria has begun investigation of funds stuck in the Deposit Money Banks, also known as commercial banks, due to the failure to link the account holding them to a Bank Verification Number and the Treasury Single Account policy of the Federal Government. The committee, a report by Punch read, is particularly probing into the over 45 million accounts said to be holding funds amounting to over N1.2tn. The…
Read More‘N1.2trn Belonging to Nigerians Stuck in Banks, 45m accounts without BVN’
