HomeBusinessCBN to freeze bank accounts without BVN, NIN from March 2024

CBN to freeze bank accounts without BVN, NIN from March 2024

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The Central Bank of Nigeria (CBN) has set a date to freeze bank accounts without a Bank Verification Number (BVN) or National Identification Number (NIN).

CBN said bank accounts without NIN and BVN will be restricted from April 2024.

In a circular on Friday, CBN said a “Post No Debit or Credit” will be placed on funded accounts without BVN or NIN on March 1, 2024.

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