t with a zero balance which I have abandoned.
account. “I have an account with a zero balance find which I have abandoned. If I have the money I will credit the account. The money is not enough to feed talk-less of saving it in the bank”, he told Financial Vanguard. Economic downturn “The factors mainly responsible fo house r the rise in inactive bank accounts are economic downturn/business failures and inactivity on salary accounts due to loss of job,” said FirstBank in response to Financial Vanguard enquiries. Last year, the National Bureau of v v business Statistics reported that the number of unemployed Nigerians rose by 3.3 million to 20.3 million in the third quarter of 2018 (Q3’18) compared to third quarter of 2017 (Q3’17). This, according to Uju Ogubunka, President of Bank Customers Association of Nigeria (BCAN) will definitely lead to inactivity in bank accounts. “The current situation where people are being laid off is responsible. If your job stops and you have been depending on your sala...