PROPRIETY OF THE APPROPRIATION OF UNCLAIMED DIVIDENDS AND DORMANT BANK BALANCES BY THE FEDERAL GOVERNMENT OF NIGERIA

Sequel to the decision of the Federal Government to appropriate and securitize unclaimed dividends estimated at N850billion1 and dormant account balances of up to six (6) years in the country, legitimate concerns have been raised by stakeholders on the move backed by the Finance Act 2020 (The Act).

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