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Triggers Of Anxiety, CBN s Dormant Account Policy In Banking Sector

Triggers Of Anxiety, CBN s Dormant Account Policy In Banking Sector
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CBN Moves To Mop up Dormant Accounts into Trust Fund – Prompt News

By Tony Obiechina, Abuja The Central Bank of Nigeria has stated that banks transfer funds in accounts that have been dormant for at least 10 years into a trust fund account. This was contained in a recently released exposure draft of guidelines on the Management of Dormant Accounts, Unclaimed Balances and Other Financial Assets in

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Accounts dormant for over 10yrs to be moved to Unclaimed Balances Trust Fund Pool Account —CBN

The Central Bank of Nigeria (CBN) has said that accounts that remain dormant will be moved to “Unclaimed Balances Trust Fund Pool Account.” To this

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CBN issues guidelines to convert dormant accounts into Treasury Bills

Article Summary The CBN released draft guidelines for managing dormant accounts and unclaimed balances in banks and financial institutions. The

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CBN To Mop Up Funds In Dormant Accounts

The draft states that banks and other financial institutions are expected to transfer all unclaimed funds into an Unclaimed Balances Trust Fund pool account,

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