CBN opens window for next of kin, other beneficiaries to claim funds from dormant accounts
The Central Bank of Nigeria (CBN) has announced that next-of-kin, beneficiaries or legal agents can now claim unclaimed funds from inactive accounts by submitting applications to financial institutions. According to a report, the new directive provides a clear process for reclaiming unclaimed balances, ensuring that rightful owners can access funds left dormant for extended periods….