Eko Hot Blog reports that commercial banks in Nigeria has closed 2.021 million bank accounts In the first quarter of 2024 (Q1’24). This was done to clean their books of questionable accounts and comply with regulatory orders on linking bank accounts to the National Identity Number (NIN). According to Vanguard, this information is contained in … Read more
NCC Extends Deadline For SIM-NIN Linkage To July 31 Extension aims to address challenges faced by subscribers and operators, allowing more time for compliance. Telecom companies to prioritize verification of existing subscribers over new ones during the extended period. EKO HOT BLOG reports that the Nigerian Communications Commission (NCC) has announced an extension for the linkage … Read more
EKO HOT BLOG reports that over 70 million bank customers are at risk of losing access to their accounts as the Central Bank of Nigeria’s directive on restricting accounts without Bank Verification Numbers (BVN) and National Identification Numbers (NIN) comes into effect. The directive, issued on December 1, 2023, mandates a ‘Post No Debit’ restriction on … Read more