CBN to close millions of bank accounts in Access, UBA, Zenith, First Bank, others – Newstrends
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CBN to close millions of bank accounts in Access, UBA, Zenith, First Bank, others

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Governor of the Central Bank of Nigeria, Godwin Emefiele

CBN to close millions of bank accounts in Access, UBA, Zenith, First Bank, others

The Central Bank of Nigeria (CBN) has announced plans to close millions of bank accounts across various financial institutions that are not linked to a Bank Verification Number (BVN). Blaise Ijebor, the CBN director of the Risk Management Department and Chief Risk Officer, who disclosed the plan at the Prembly Compliance Breakfast Dialogue on Thursday April 6, said the objective is to clean up the sector and reduce the growing incidence of fraud.

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The BVN is a unique identifier that captures the biometric data of bank customers and is used to verify their identities and prevent fraudulent activities.

Speaking further, Ijebor noted that the apex bank has been working with the Nigerian Inter-Bank Settlement System (NIBSS) to address the growing incidence of fraud in the sector.

He added that the financial regulator was looking at commencing the exercise soon but did not give an indication of when the CBN would begin the clean up.

CBN to close millions of bank accounts in Access, UBA, Zenith, First Bank, others

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Police nab fake inspector, recover stolen cars

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Rivers State Police Commissioner, Olatunji Dosu

Police nab fake inspector, recover stolen cars

Operatives of the Rivers State Police Command have arrested a fake Inspector who engages in armed robbery and car snatching, among other crimes. 

This was disclosed by the Rivers State Police Commissioner, Olatunji Dosu while parading the suspect among other suspected criminals on Wednesday.

According to the Dosu, Monday Igbali, the fake inspector, was a former sergeant who was dismissed after being charged in a kidnapping case in 2021.

He noted that three fancy cars were recovered from Igbali, who runs a gang of five criminals.

Dosu states, “The command commenced an investigation in response to a report filed on August 11, 2023, by one Fibika Kingsley that his Lexus EX330 had been stolen at gunpoint along Agip Road by five gunmen.’’

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“The investigations led to the arrest of one Monday Igbali, aged 43, a native of Okwuzi in the Ogba/Egbema/Ndoni LGA of Rivers State.

“He is a former police sergeant who was dismissed after being indicted in a kidnapping case in 2021.

“Since his dismissal, he has continued to parade himself as a police officer, even claiming to be an Inspector of Police, a rank he did not attain before his dismissal.

“He works with a gang of five, with four gang members still at large.

“He has robbed a total of nine cars and sold them for between N1.3m and N2.5m each. He was arrested on March 8, 2024, at his home in Chokocho, Etche, after the police conducted due surveillance following investigations.

“We have recovered three cars from him: a Lexus 330, a Lexus IS250, and a Toyota Highlander.”

Police nab fake inspector, recover stolen cars

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Breaking: Military releases FirstNews editor, Segun Olatunji

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Breaking: Military releases FirstNews editor, Segun Olatunji

The military has finally released Segun Olatunji, editor of FirstNews, who has been in their custody since March 15.

Olatunji was released on Thursday to Nigerian Guild of Editors (NGE) General Secretary Iyobosa Uwugiaren and The Nation Deputy Editor Yomi Odunuga under a bridge in Asokoro, Abuja.

It was also learnt that the documents for his release were signed inside a security vehicle with heavily armed operatives.

The security agents were said to be masked and the number plates of their vehicles covered up.

The editor was abducted by armed men in his home in Iyana Odo, Abule Egba area of Lagos, on March 15.

His family members were kept in the dark on his whereabouts and why he was arrested.

Several groups, including the Nigeria Union of Journalists (NUJ), the Nigerian Guild of Editors, almost daily mounted pressure on the government for Olatunji’s release.

On Wednesday, the Nigerian chapter of the International Press Institute said the journalist was in the custody of the Defence Intelligence Agency (DIA).

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BREAKING: Court orders military to release 313 suspected terrorists

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BREAKING: Court orders military to release 313 suspected terrorists

A Federal High Court in Borno State has ordered the release of at least 313 suspected terrorists detained by the military.

The court ordered their release due to a lack of evidence to charge the suspects after the investigation.

Maj. Gen. Buba Edward, the Director of Defence Media Operations, announced this during the operational briefing on Thursday in Abuja.

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He said, “The court ordered the release for want of evidence after the conclusion of investigation and other ancillary matters.

“Accordingly, they would be handed over to the Borno State Government for further action.”

BREAKING: Court orders military to release 313 suspected terrorists

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