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Unclaimed monies in dormant accounts to be invested in T-Bills – CBN

Kindly share this postCentral Bank of Nigeria (CBN) says it will mop up all dormant account balances and unclaimed balances in banks into a Trust Fund account which will ultimately be invested in Treasury Bills. This is contained in the just released exposure draft of guidelines on the Management of Dormant Accounts, Unclaimed Balances and […]

Chibuzor efobiUnclaimed balances management committeeUnclaimed balances trust fundRegulation departmentCentral bankBanking supervision departmentOther financial institutions supervision departmentTrust fundDormant accountsUnclaimed balancesFinancial policyUnclaimed balances management committee

Nigerian Newspapers: 10 things you need to know this Thursday morning

Good morning! Here is today’s summary from Nigerian Newspapers: 1. Governor Yahaya Bello of Kogi State has unveiled his preferred successor, but it is not

Abuja federal capital territoryUnited kingdomKaduna stateNigeria generalCity ofKogi stateUche rowland ojinmahSimon achubaAhmed usman ododoBola tinubuOlumuyiwa adejobiEdward onojaDauda adamu kahutu rararaAtiku abubakarPeter obiYahaya bello

CBN Disowns Fake Recruitment Portal, Warns Applicants to be Beware

Kindly share this postCentral Bank of Nigeria (CBN) has disowned a fake recruitment portal, created in its name and inviting eligible Nigerians to submit job applications. Its Acting Director, Corporate Communications Department, Dr Isa AbdulMumin, made this known in a statement on Thursday in Abuja. Dr. AbdulMumin said: “The attention of the CBN has been […]

Chibuzor efobiOther financial institutions supervision departmentBanking supervision departmentCentral bankUnclaimed balances trust fundRegulation departmentUnclaimed balances management committeeTrust fundDormant accountsUnclaimed balancesFinancial policyUnclaimed balances management committee

Stella Dimoko Korkus com: CBN s Funny Proposal On Dormant Accounts In Nigerian Banks

Stella Dimoko Korkus com: CBN s Funny Proposal On Dormant Accounts In Nigerian Banks
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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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