The Central Bank of Nigeria (CBN) has said that it did not order banks to transfer funds in domiciliary accounts of Nigerians to the ‘Unclaimed Balances Trust Fund (UBTF).
The CBN said this to clarify reports that the ‘Guidelines For The Management Of Dormant Accounts, Unclaimed Balances And Other Financial Assets In Banks And Other Financial Institutions In Nigeria’ also affects domiciliary account balances.
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