May 9, 2021
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CBN to compel banks to invest funds in dormant accounts in govt assets

by on November 23, 2020 0
GFDNews Correspondent The Central Bank of Nigeria (CBN) has been empowered by the recently signed Banks and Other Financial Institutions Act (BOFIA) 2020 to compel financial institutions to create dormant account registers for the purpose of transferring and investing the pool of funds left in such accounts by their customers. The new banking regulations... Read More