The Central Bank of Nigeria (CBN) released a circular to banks and financial institutions stating its amendment to Know Your Customer (KYC) procedures. The amendment is part of an effort to strengthen KYC procedures and promote financial system stability. Below, we will explain what this means for bank account owners and how to navigate it.
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The Central Bank of Nigeria (CBN) released a circular to banks and financial institutions stating its amendment to Know Your Customer (KYC) procedures. The amendment is part of an effort to strengthen KYC procedures and promote financial system stability. Below, we will explain what this means for bank account owners and how to navigate it.
