The Central Bank of Nigeria (CBN) has instructed all banks and financial institutions to publicly disclose details of dormant accounts, unclaimed balances, and other financial assets on their official websites. According to CBN, a dormant account refers to a bank account that has remained inactive for at least one year. The directive was outlined in a circular issued on Monday, titled “Guidelines on Management of Dormant Account, Accounts, Unclaimed Balances and Other Financial Assets in Banks and Other Financial Institutions in Nigeria.” The circular was signed by Michael Akuka on…
Read MorePublish Details of Dormant Accounts, Unclaimed Balances, CBN Orders Banks
