Next-of-Kin Can Now Claim Funds in Dormant Accounts – CBN
The Central Bank of Nigeria (CBN) has announced new guidelines for the management of dormant accounts, unclaimed balances, and other financial assets in banks and financial institutions. According to the guidelines, next-of-kin, legal representatives, or beneficial owners can now claim unclaimed balances in dormant accounts by submitting applications to financial institutions. The CBN has the […]
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