Unclaimed monies in dormant accounts of up to 10 years to be invested in Treasury bills – CBN

GistReel The Central Bank of Nigeria, CBN proposes that monies in accounts that have been dormant for up to 10 years be invested in Treasury Bills. This is contained in the recent exposure draft of guidelines on the Management of Dormant Accounts, Unclaimed Balances, and Other Financial Assets in Banks and Other Financial Institutions In Nigeria. …

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