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Just in: CBN Orders Banks To Publish All Dormant Accounts
By Kayode Sanni-Arewa
The Central Bank of Nigeria (CBN) has directed banks and other financial institutions to publish the list of dormant accounts, unclaimed balances and other financial assets
The apex bank, in a circular dated February 17, 2024 and slighted on its website, said that the directive was in compliance with the Guidelines on the management of dormant accounts issued last year.
It said that the list to be published in two national daily newspapers should also be published on their websites, while other financial institutions without websites should publish their own lists on their association’s websites.
The information to be published includes the names of accounts, the individuals authorised to operate them and the bank.branch where such accounts are domiciled.
The newspapers publications are to be on an annual basis.
According to the CBN, the circular became important to clear doubts expressed by some stakeholders who feared that publishing such names might breach the Nigerian Data Protection Act.
It said, “In furtherance therefore and in response to I queries from stakeholders regarding 3possible breach of the Nigerian Data Protection Act 2023, Banks and Other Financial Institutions to note the following:
“Section 25 (b) of the NDPA permits justification deviation from the general principles of the Act.. Also Section 72 (ii) of the BOFIA mandates CBN to.issue Guidelines on the administration of the Unclaimed funds in banks and other financial institutions.
“Information to be published on banks’ websites as well as on association’s websites (where applicable) shall include the name of the account, the type of account, the name of banks and the branch where the account is domiciled only.
“Information to be published annually in the at least two daily.newspapers annually or on the premises state and unit Microfinance Banks shall also cover the details as listed above.”
By Kayode Sanni-Arewa
The Transmission Company of Nigeria (TCN) says there will be a seven-hour power outage in some parts of the Federal Capital Territory (FCT).
In a statement, TCN’s General Manager of Public Affairs, Ndidi Mbah, said the affected areas will experience blackout on Saturday, February 22, and Sunday, February 23, 2025, from 9:00 am to 4:00 pm each day.
She attributed the action to scheduled annual preventive maintenance on two transformers.
“The Transmission Company of Nigeria informs the public that its maintenance crew will conduct annual preventive maintenance on the 2x100MVA, TR3 & TR4 transformers at the Apo 132/33kV Transmission Substation in Abuja,” the statement read.
“The planned power interruptions are unavoidable, as Abuja DisCo will be unable to receive bulk power supply from the transformers during the maintenance period. Power supply will be restored to the affected areas upon completion of the maintenance exercise.”
Transmission Line Tower – TCN
Mbah explained that on Saturday, February 22, the power disruptions will affect the National Hospital, G2 Injection Station, Garki, Area 1, and Asokoro for seven hours.
According to the statement, areas including Apo Legislative Quarters, Apo Resettlement, Gudu, Apo Mechanic, and surrounding areas will also experience a seven-hour power outage.
Mbah explained that the interruption is necessary as Abuja Electricity Distribution Company will be unable to receive bulk power supply from the affected transformers during the maintenance period.
TCN apologised for any inconvenience caused to the affected customers during this time.
“Power supply will be restored once the maintenance exercise is completed. We apologise for any inconvenience this may cause the affected electricity customers,” the company said.
By Kayode Sanni-Arewa
The Police Service Commission (PSC) has approved the promotion of over 100 senior officers to higher ranks within the force.
The decision includes the elevation of 38 Assistant Commissioners of Police to Deputy Commissioners, alongside 100 Chief Superintendents of Police.
The approval was confirmed in a statement by the PSC Head of Press and Public Relations, Ikechukwu Ani, following an extraordinary plenary session held on Thursday, February 20, 2025.
The meeting was chaired by the PSC Chairman, DIG Hashimu Argungu (rtd), and attended by key officials, including retired Supreme Court Justice Adamu Paul Galmuje, DIG Taiwo Lakanu, and Chief Onyemuchi Nnamani.
Notable officers promoted to the rank of Deputy Commissioner of Police include Emmanuel Deenom, Olufemi Takeet, and Yusuf Doki Sani, while others like Ibrahim Mohammed Agava and Akinloye Joseph Oyegade were promoted to Assistant Commissioners.
By Kayode Sanni-Arewa
The Federal University Lokoja has been shut down following students’ lingering protest.
The students began the protest on Monday following the killings of their colleagues by a trailer who rammed into the school shuttle bus, killing seven people instantly.
The closure of the school was disclosed in a circular with Ref. Number FUL/R/GEN/REGC/03 issued on Thursday by Dr. Rebecca Aimiohu Okojie, Registrar and Secretary to Council, and copied Commissioner of Police, Kogi State Command Director, DSS Kogi State.
The circular reads “Following the unfortunate loss of the lives of five students to a tragic trailer accident at Felele city centre on Monday, 17 February, 2025, students have barricaded the gates of the university despite magnanimous interventions from the the State Government as well as frantic efforts and appeal by the University Management for calm.
“Accordingly, arising from the advice of the State Security Agencies and to forestall further loss of lives, the Vice-Chancellor after due consultation with Management, has decided on behalf of Senate, that the University (both campuses) be closed down Indefinitely within one hour of release of this circular.
“Students are therefore to vacate the campuses on/or before 12 noon today, Thursday, 20th February, 2025. Please note for strict compliance.”
TCN envisages seven-hour blackout in parts of Abuja
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