Central Bank of Nigeria, CBN, has unveiled guidelines on the management of Dormant Accounts and Other Unclaimed Funds by Banks and Other Financial Institutions in Nigeria.
This is contained in a circular with reference number FPR/DIR/CIR/GEN/05/013 dated October 7, 2015 and signed by Kevin Amugo, director, financial policy and regulation department
“Further to the Exposure Drat! On “Guidelines for The Management of Dormant Accounts” dated February 16, 2015, the CBN after reviewing and incorporating comments from various stakeholders, issues the following “Guidelines on the Management of Dormant Accounts and Other Unclaimed Funds by Banks and Other Financial Institutions in Nigeria,” the CBN said.


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