Treatment of dormant accounts and unclaimed bank balances; a look at ACT 930 and other relevant directives thebftonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thebftonline.com Daily Mail and Mail on Sunday newspapers.
BoG issues consumer protection directives to address regulatory gaps graphic.com.gh - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from graphic.com.gh Daily Mail and Mail on Sunday newspapers.
“The Market Conduct Office established by the Bank provides a clear point process and an avenue for customers to escalate their grievances if regulated institutions are unable to resolve their complaints amicably. Besides resolving complaints, the mechanism fosters confidence building in the financial system and promotes financial inclusion through awareness creation”.
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
Last week, the Central Bank of Nigeria(CBN) released an exposure draft of the guidelines for the Management of Dormant Accounts, Unclaimed Balances and Other