How can financial institutions legally manage balances in dormant accounts?

CBN reopens dollar tap for BDCs to curb naira gap

Central Bank of Nigeria (CBN)

On 2 February, 2024, the Supreme Court delivered a judgement in the case of Ironbar v Federal Mortgage Finance Ltd (2024) LPELR-62186(SC) wherein it held that next-of-kins do not have beneficial interest in trust assets and Financial Institutions (FIs) should be wary of releasing properties of decea

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