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“There would be as much as N850 billion. We have to get the exact report from the CBN and then Company’s Registrar to ascertain that so it could be realised into this special trust fund for unclaimed dividends and dormant accounts,” she said.
The loan, the government said, would be used to fund the 2021 budget.
Policy Will Dampen Investors’ Confidence – Analyst
However, some industry watchers say the policy will dampen investors’ confidence and create uncertainty in the sector.
A onetime Security and Exchange Commission commissioner, Charles Udora, raised some underlying issues on the policy.
“Are the dormant account balances limited to any specific amount or will the borrowing take everything in all dormant accounts in all deposit money banks? ....

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