Guidelines on the Management of Dormant Accounts, Unclaimed Balances and Other Financial Assets in Banks and Other Financial Institutions

Central Bank of Nigeria Guideline
Summary

Sets out how banks and OFIs must classify, manage, report and safeguard dormant accounts and unclaimed balances, complementing the beneficiary-facing recovery guidelines (cb-06).

Applicability

All banks and other financial institutions holding dormant accounts.

Open Source Document ↗
Document Details
Date Issued
19 Jul 2024
Date Effective
19 Jul 2024
Compliance Deadline
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