{"id":195260,"date":"2026-02-17T13:28:30","date_gmt":"2026-02-17T12:28:30","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/recapitalization-effects-on-bank-consumers-after-deadline"},"modified":"2026-02-17T14:35:12","modified_gmt":"2026-02-17T13:35:12","slug":"recapitalization-effects-on-bank-consumers-after-deadline","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/economy\/recapitalization-effects-on-bank-consumers-after-deadline","title":{"rendered":"Recapitalization Effects on Bank Consumers After Deadline"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Nigeria. <\/strong><\/span>Dr. Uju Ogunbunka, president of the Bank Customers\u2019 Association of Nigeria, has clarified the fate of customer deposits following the Central Bank of Nigeria\u2019s (CBN) 31st March recapitalization deadline.<\/p>\n<p>Speaking in an interview on Monday, Ogunbunka explained that banks unable to meet the minimum capital requirements or secure a merger would have their customers transferred to other banks.<\/p>\n<p>According to him, \u201cI don\u2019t think there is risk here other than the bank\u2019s customers moving to other banks in the case of inability to get a merger or liquidation.\u201d<\/p>\n<p>He further reassured customers, stating, \u201cI can\u2019t tell the exact number of banks that have met up with CBN\u2019s recapitalization requirement because the data is updated daily, but I think there is no cause for alarm among bank customers.\u201d<\/p>\n<p>Last month, the CBN confirmed that at least 20 banks have already met the recapitalization requirement.<\/p>\n<p>The apex bank had initially raised the minimum capital requirements for banks in March 2024.<\/p>\n<p><strong>For More News And Analysis About <span style=\"color: #ff6600\">Nigeria<\/span> Follow <span style=\"color: #ff6600\">Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Nigeria. Dr. Uju Ogunbunka, president of the Bank Customers\u2019 Association of Nigeria, has clarified the fate of customer deposits following the Central Bank of Nigeria\u2019s (CBN) 31st March recapitalization deadline. Speaking in an interview on Monday, Ogunbunka explained that banks unable to meet the minimum capital requirements or secure a merger would have [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":195259,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15,29],"tags":[254],"class_list":["post-195260","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","tag-nigeria"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Recapitalization Effects on Bank Consumers After Deadline - Nigeria<\/title>\n<meta name=\"description\" content=\"Dr. Uju Ogunbunka, president of the Bank Customers\u2019 Association of Nigeria, has clarified the fate of customer deposits ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/economy\/recapitalization-effects-on-bank-consumers-after-deadline\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Recapitalization Effects on Bank Consumers After Deadline\" \/>\n<meta property=\"og:description\" content=\"Dr. Uju Ogunbunka, president of the Bank Customers\u2019 Association of Nigeria, has clarified the fate of customer deposits ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/economy\/recapitalization-effects-on-bank-consumers-after-deadline\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2026-02-17T12:28:30+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-02-17T13:35:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2026\/02\/sm_1771335209.140169.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"740\" \/>\n\t<meta property=\"og:image:height\" content=\"740\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/recapitalization-effects-on-bank-consumers-after-deadline#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/recapitalization-effects-on-bank-consumers-after-deadline\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Recapitalization Effects on Bank Consumers After Deadline\",\"datePublished\":\"2026-02-17T12:28:30+00:00\",\"dateModified\":\"2026-02-17T13:35:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/recapitalization-effects-on-bank-consumers-after-deadline\"},\"wordCount\":180,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/recapitalization-effects-on-bank-consumers-after-deadline#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2026\/02\/sm_1771335209.140169.jpg\",\"keywords\":[\"Nigeria\"],\"articleSection\":[\"all news\",\"Economy\",\"head lines\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/economy\/recapitalization-effects-on-bank-consumers-after-deadline#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/recapitalization-effects-on-bank-consumers-after-deadline\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/recapitalization-effects-on-bank-consumers-after-deadline\",\"name\":\"Recapitalization Effects on Bank Consumers After Deadline - 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