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CBN order: Four banks release 321,181 dormant accounts

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CBN order: Four banks release 321,181 dormant accounts

13 May, 2026

Four banks have published details of no fewer than 321,181 dormant accounts following a directive by the Central Bank of Nigeria, The PUNCH reports. This comes as economic analysts have warned that the CBN directive raises major concerns around customer communication, account reactivation procedures, business failures, and privacy. The published dormant accounts span individuals, companies, cooperatives, churches, clubs, community associations, and small businesses that have remained inactive for over 10 years. The banks include Access Bank Plc, Union Bank of Nigeria Plc, Stanbic IBTC Bank, and Fidelity Bank Plc.................…...READ MORE