FG borrows N100bn from dormant accounts, unclaimed dividends as debt pressure mounts

Fresh records from Nigeria’s Debt Management Office (DMO) have shown that the Federal Government has raised N100 billion through the Unclaimed Funds Trust Fund (UFTF), drawing on dormant bank balances and unclaimed dividends as part of its domestic borrowing programme. The DMO, in its latest domestic debt stock report, listed an instrument known as “UFTF […]

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