• info@ocmlng.com
  • 0201-2914775

Govt borrows N100bn from unclaimed dividends, dormant accounts

Home > market news
Financial News

Govt borrows N100bn from unclaimed dividends, dormant accounts

20 Apr, 2026

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 as of December 31, 2025, representing about 0.12 per cent of the Federal Government’s total domestic debt....................... READ MORE