
Central Bank of Nigeria
Management of Dormant Accounts
- 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…