Tag: dormant account balances

SERAP tackles Buhari over FG’s plan to borrow from dormant account balances, unclaimed dividends

Jan 10, 2021

—

by

Femi Ajasa

in Nigeria

Socio-Economic Rights and Accountability Project (SERAP) has sent an open letter to President Muhammadu Buhari urging him to use his leadership position “to promptly drop the plan by the Federal Government to borrow about N895bn of unclaimed dividends and funds in dormant accounts using the patently unconstitutional and illegal Finance Act, 2020, and to ensure…