not, what do you do. So my corporate account

 As a result of that, what do we have to do? When you are in business everything goes well but when you are not, what do you do. So my corporate account has been dormant from that time till date.”

In addition to bank customers who abando webapex.net ned their accounts due to job losses, is a growing number of Nigerians leaving the country for greener pastures abroad, and in the process abandon their bank accounts.

Speaking on condition of anonymity, a staff of Ecobank, said: “A lot of people are leaving the country and abandoning their ac westernmagazine.org counts. So it is leading to an increase in inactive accounts that banks have. Those are the people that can actually have bank accounts. You know people that are able to leave are people that earn fairly well and they can have a bank account. Once they leave they don’t access those accounts anymore.”

An example is Mr. and Mrs. Oloruntoba who have stopped operating their bank accounts since they migrated ysin.org to the United States early 2018 with their two year old daughter.

The fraud factor

The case of Mrs. Sarah Adewale, who sells clothes and fashion accessories is, however, different. She abandoned her bank account not because of job loss or economic hardship, but due to fraud.

Narrating her experience to Financial Vanguard, she said: “One of the factors responsible for increase in inactive accounts is fraud. People are abandoning their bank accounts after being defrauded. Like me, I fell into the hands of fraudsters or armed robbers called ‘one-chance’ who used a Point of Sale (PoS) machine to transfer my