An account is classified dormant in Nigerian banks after how long without customer activity?
A3 months
B6 months
C1 yearCORRECT
D10 years
CIBNBanking Principles
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Why the answer is C, and why the others tempt you.
Under CBN guidelines, an account is dormant after 1 year of no customer-initiated transactions; after 10 years funds move to CBN.
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