CBN, EFCC To Bar Convicted Persons, Firms From Operating Bank Accounts

The Central Bank of Nigeria (CBN) and the Economic and Financial Crimes Commission (EFCC) may bar individuals or corporate convicted of committing economic crimes from opening bank accounts.

CBN’s director of corporate communications, Isaac Okorafor disclosed this in a statement released on Thursday.

The apex bank said it is working with the EFCC over the proposal without giving further details.

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