branch manager with UBA, many Nigerians in Diaspora
money in my bank account to their accounts. And since then I abandoned the account because I don’t have any reason to go to the bank again. I don’t want to encounter such and since then the bank has been calling me but I don’t have their time.” According to a branch manager with UBA, many Nigerians in Diaspora have abandoned their bank accounts due to fear of find fraudsters. “We discovered that a lot of customers living abroad refused to enrol for the Biometric Verification Number (BVN) because they don’t want anybody to use their account to commit fraud. They will tell you I will come and do it when I return to the country. So the account becomes inactive.” The BVN effect The BVN according to bankers is another reason why some customers have abandoned their accounts. “A lot of the inactive ban house k accounts have BVN issues,” a top official of NIBSS confirmed to Financial Vanguard on condition of anonymity. Confirming this in response to Financial Vanguard enquir