NIBSS Gives Instructions To Access, UBA, Zenith, GTB, Other Banks on Customers Account [Video]

• The NIBSS has instructed Financial institutions to submit all new and existing customer account details
• The details of the customers are expected to be logged into the Industry Customer Account Database within 24 hours
• The directive follows the Central Bank of Nigeria’s move to enhance the Know Your Customer process

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Legit.ng journalist Dave Ibemere has over a decade of business journalism experience with in-depth knowledge of the Nigerian economy, stocks, and general market trends.

The Nigeria Inter-Bank Settlement System (NIBSS) has once again urged banks and other financial institutions to submit their customers’ account details to the Industry Customer Account Database (ICAD), as directed by the Central Bank of Nigeria (CBN).

In a statement, NIBSS emphasized the importance of adhering to the …