Nigerian newspapers review: CBN probes banks over restriction of customers’ assets to FX accounts

🇳🇬 Vanguard Nigeria (NG) —
Nigerian newspapers review: CBN probes banks over restriction of customers’ assets to FX accounts

AI Summary

Nigeria’s Central Bank is investigating banks accused of restricting customers’ access to foreign-currency domiciliary accounts. The probe aims to ensure banks honor legitimate withdrawal requests and provide foreign currency as account holders request.

In today’s Nigerian newspapers review programme, Today in the News, Vanguard leads with the Central Bank of Nigeria (CBN) looking into restrictions imposed by some banks on customers in order to compel banks to honour all legitimate withdrawal requests from domiciliary accounts and dispense foreign currencies as requested by account holders. The post Nigerian newspapers review: CBN probes banks over restriction of customers’ assets to FX accounts appeared first on Vanguard News.

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