When you try to open a domiciliary account in Nigeria. There are some requirements which includes your means of identification with passport or national identity card (NIN). That’s logical as Nigerian banks are conforming to KYC (Know Your Customers) but there’s a requirement that’s always been but is obnoxious that I would like to address which is that Nigerian banks require you to bring dollars in cash! They refuse to accept digital dollars been sent. How can the banks still be expecting us to go to the black market for dollar, something the federal government is trying to discourage? We’re no longer in 1990 something for crying out loud!!!
