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Central Bank of Nigeria

Management of Dormant Accounts

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Author
Central Bank of Nigeria
Year
2015
Pages
3 pages

These guidelines establish standards for identifying, classifying, monitoring, reporting, revalidating, and managing inactive and dormant bank accounts in Nigeria. They preserve interest accrual, deposit liability treatment, and deposit insurance coverage; require customer, next-of-kin, government agency, and Central Bank notifications; provide for the transfer of government-owned…

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