
Central Bank of Nigeria
Guidelines for the Management of Dormant Accounts by Banks in Nigeria
- Author
- Central Bank of Nigeria
- Year
- 2015
- Pages
- 3 pages
These guidelines establish standards for identifying, classifying, monitoring, reporting, and managing inactive and dormant bank accounts in Nigeria. They define inactivity after six months and dormancy after six years, require notification of account holders and next-of-kin, preserve interest and deposit-liability treatment, provide for deposit insurance…