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Unclaimed dividends

Unclaimed dividends, dormant accounts: SERAP sues Federal Government over $895bn

Amaka Nliam Mar 15, 2021 0

The Socio-economic Rights and Accountability Project (SERAP), a Nigerian advocacy group, has sought a Court order to restrain and stop the Federal Government of Nigeria from borrowing an estimated $895bn of unclaimed dividends and dormant…

Business

Nigerian government targets over N895bn of dormant balances, unclaimed dividends

SUZAN OZO Jan 8, 2021 1

The Nigerian government has set a 2021 target to take over N895 billion from banks and quoted companies representing unclaimed dividends and dormant bank balances as special borrowing to fund crisis related expenditures. This…