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	Comments on: CBN ban banks from converting dormant account funds to income	</title>
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	<link>https://thecitizenng.com/cbn-ban-banks-from-converting-dormant-account-funds-to-income/</link>
	<description>Nigeria&#039;s leading online newspaper</description>
	<lastBuildDate>Mon, 12 Oct 2015 08:56:00 +0000</lastBuildDate>
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		<title>
		By: John		</title>
		<link>https://thecitizenng.com/cbn-ban-banks-from-converting-dormant-account-funds-to-income/#comment-488</link>

		<dc:creator><![CDATA[John]]></dc:creator>
		<pubDate>Mon, 12 Oct 2015 08:56:00 +0000</pubDate>
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					<description><![CDATA[Please Imdont seem to understand this story. 

Are Nigerian Banks converting Dormant Accounts to income? 

If yes? Honestly they have crossed the red line. This is worst than looting the treasury. Converting dead people&#039;s money to income, the CBN shouldn&#039;t treat this issue with kid gloves. Giving them six months to revert back to status quo is too much. They should revert back immediately and those banks found culpable, the managers prosecuted. The banks would cripple the country. 

You can understand why the banks are declearing some mind bugging figures as profits when all the other sectors they are servicing are dying. 

May I use this medium to ask if the CIBN is still relevant?]]></description>
			<content:encoded><![CDATA[<p>Please Imdont seem to understand this story. </p>
<p>Are Nigerian Banks converting Dormant Accounts to income? </p>
<p>If yes? Honestly they have crossed the red line. This is worst than looting the treasury. Converting dead people&#8217;s money to income, the CBN shouldn&#8217;t treat this issue with kid gloves. Giving them six months to revert back to status quo is too much. They should revert back immediately and those banks found culpable, the managers prosecuted. The banks would cripple the country. </p>
<p>You can understand why the banks are declearing some mind bugging figures as profits when all the other sectors they are servicing are dying. </p>
<p>May I use this medium to ask if the CIBN is still relevant?</p>
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