Tag: Govt Borrows ₦100 Billion From Unclaimed Dividends


  • Govt Borrows ₦100 Billion From Unclaimed Dividends, Dormant Accounts

    The Federal Government recorded a N100bn borrowing from unclaimed dividends and dormant bank accounts, as new data from the Debt Management Office showed that funds warehoused under the Unclaimed Funds Trust Fund have been converted into government securities. Latest figures from the DMO’s domestic debt stock report showed that “UFTF FGN Security” stood at N100bn…